Author Question: Which statement is incorrect concerning mortgages? A) The mortgagee's interest terminates upon ... (Read 112 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
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.



choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

For a complete list of videos, visit our video library