Which statement is incorrect concerning mortgages?
A) The mortgagee's interest terminates upon performance of the obligation secured by the mortgage.
B) The mortgagee has the right to enforce the mortgage by foreclosure upon default by the mortgagor.
C) The mortgagor must have complete or absolute ownership in the property.
D) Generally, no particular form of language is required to create a mortgage.
Question 2
The right to _________ which is found in the ______ Amendment to the U.S. Constitution, authorizes the government to take land for public use with just compensation.
A) a restrictive covenant, Fifth Amendment.
B) eminent domain, Fifth Amendment.
C) eminent domain, Fourth Amendment.
D) adverse possession, First Amendment.
Example of a patient statement.
An oscillating needle 1 or 2 inches Hg below normal could indicate an incorrect air–fuel mixture ...
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...