AMR Corporation has been going through tough times and Workingtown Savings and Loan Association has...
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Accounting
AMR Corporation has been going through tough times and Workingtown Savings and Loan Association has begun foreclosure of the building at the described premises. In the meantime there is partial damage to the building from a lightning strike. Is the following statement true or false? Workingtown Savings and Loan Association has the right to receive payment even though it has begun foreclosure on the property.
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