Exam DISC-RM Practice Question 38
Study guide: Exam DISC-RM
A homeowner has a mortgage on her house. She rents the basement apartment to a tenant, who has paid for and installed his own kitchen cabinets there. If fire destroys the house, which parties have a financial interest in property exposed to loss?
- A) Only the homeowner, because she owns the house
- B) The homeowner and the lender, but not the tenant
- C) The homeowner, the lender and the tenant
- D) Only the lender, until the loan is repaid
Answer this question and see the worked solution