Author Question: An instrument is order paper when by its terms it is payable to the order of any person described in ... (Read 38 times)

leilurhhh · **on:** Jun 24, 2018

An instrument is order paper when by its terms it is payable to the order of any person described in it, or to a person or order.
Indicate whether the statement is true or false

Question 2

After the property is sold in foreclosure on a mortgage, suppose that the Reids are able to come up with the cash for the mortgage pay-off within 45 days of foreclosure. Which of the following is correct?
A)It is too late for the Reids to redeem the property.
B)The Reids would need to pay Fifth Third Bank and Cristoria to redeem the property.
C)Once the deed has been given to the buyer at the foreclosure sale, the right of redemption ends.
D)Only the Griffins can redeem the property.