Author Question: A mortgagee who allows late payments loses its right to foreclose. Indicate whether the statement ... (Read 46 times)

Zulu123 · **on:** Jun 24, 2018

A mortgagee who allows late payments loses its right to foreclose.
Indicate whether the statement is true or false

Question 2

Sally Swanson has opened a small bistro in Sedona, Arizona. The parking lot for her restaurant is located right next to Oak Creek, a creek that often floods during the summer rains. The result is that Sally loses one row of parking once the flooding occurs, and the spaces are not available until the creek levels subside. Sedona is going to build a structure along all Oak Creek adjoining properties to prevent the flooding. The result will be that Sally will lose 3 to 4 of her parking spaces. Sally wants to know where her rights can be found to challenge.
A) Sally loses the spaces anyway, so Sedona is not doing anything that affects Sally's rights.
B) Sally has protections under the Fifth Amendment of the U.S. Constitution.
C) Eminent domain is an absolute government right.
D) City ordinances will determine whether the city is taking Sally's property through its project.