Author Question: Joan and Jan Brewer own their home as joint tenants with ROS. Jan borrowed 375,000 from First Thrift ... (Read 73 times)

jho37 · **on:** Jun 24, 2018

Joan and Jan Brewer own their home as joint tenants with ROS. Jan borrowed 375,000 from First Thrift Trust. First Thrift Trust took a mortgage on the property owned by Jan and Joan. Joan was unaware of the mortgage and did not sign any paperwork for the mortgage. Jan has died without paying off the First Thrift Trust loan. Which of the following statements is correct?
A) First Thrift Trust can foreclose on the mortgage on the property.
B) Joan is personally liable for the First Thrift Trust loan.
C) The property is not subject to the First Thrift Trust mortgage.
D) Joan and First Thrift Trust own the property as co-tenants.

Question 2

In older cases, the employment relationship was called the______ relationship.
A)principal-agent.
B)employer-employee.
C)boss-worker.
D)master-servant.