Author Question: Which statement is incorrect concerning mortgages? A) The mortgagee's interest terminates upon ... (Read 132 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?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

For a complete list of videos, visit our video library