Author Question: E and R sign a mortgage agreement and note whereby E agrees to advance 45,000 to R in three ... (Read 107 times)

pragya sharda · **on:** Jun 24, 2018

E and R sign a mortgage agreement and note whereby E agrees to advance 45,000 to R in three installments if R requires them. E records the mortgage on June 1, 2015 and makes the first advance on August 1, 2015. R has failed to pay a mechanic, who filed a lien on July 27, 2015.
A)The mechanic has priority
B)E has priority
C)Both share equal priority
D)None of the above

Question 2

A fee tail is a fee simple defeasible.
Indicate whether the statement is true or false