Author Question: Which statement is incorrect concerning mortgages? A) The mortgagee's interest terminates upon ... (Read 159 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?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

For a complete list of videos, visit our video library