Goods that are freely substitutable. It is goods of a given class or type, any unit of which is as acceptable as another, and capable of satisfying an obligation expressed in terms of the class. For example, bushels of rice are fungibles, while parcels of real estate are not....

When a borrower has difficulty making the scheduled payment. Position of the Lender: A good place to start is by understanding the position of the lender. A game plan for survival should be based on a realistic view of what the lender is likely to be willing to do. Temporary Problem: When a bo...

Reserve at the beginning of the policy year that is equal to the terminal reserve for the preceding year plus the net level premium for the current year....

Coverage for an insured in the event that he writes and publishes libelous statements and the injured party brings suit against the insured....