Please answer the following question and give the explanation

1) Any loan amount still unpaid after a judicial foreclosure might become a deficiency judgment:

a) Against the borrower if the loan is non-recourse

b) Against the lender if the loan is non-recourse

c) Against the borrower if the loan is recourse

d) Against the lender if the loan is recourse

2) The market rent for a commercial property is affected by all of the following, except:

a) The national and local economic outlook

b) The supply of available comparable space

c) The terms and conditions for outstanding debt on the property

d) The demand for available comparable space

3) The capitalization rate for a commercial property at the time of acquisition:

a) Must exceed the stated interest rate on outstanding debt for there to be positive cash flow

b) Is equal to the property's net operating income divided by the purchase price

c) Will lead to negative cash flow if it is less than the debt service coverage ratio

d) Is equal to the property's purchase price divided by the before tax cash flow