This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose, with reference to the Nordstrom grant in 14, Nordstroms has pledged the property to First ... (Read 48 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jun 24, 2018
Suppose, with reference to the Nordstrom grant in 14, Nordstroms has pledged the property to First Interstate Bank to secure a 790,000 loan. Discuss what happens to the mortgage if Nordstrom violates the restriction.

Question 2

A check that is postdated ceases to be order paper.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flannelavenger

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

The owner of a fee simple determinable has full right to pledge title to property but the mortgagee can take no greater interest than the fee simple determinable allows. First Interstate Bank takes subject to this risk and could lose its mortgage interest. Many mortgages have a clause prohibiting the mortgagor from violating the restriction so that it has protection.

Answer to Question 2

TRUE


gbarreiro

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jun 24, 2018
Thank you :)


flannelavenger

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

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.

The Physicians’ Desk Reference. The Physicians’ Desk Reference.
Distribution of the Property of Americans Distribution of the Property of Americans
The Dietary Reference Intakes Are Reference Values for Each Nutrient The Dietary Reference Intakes Are Reference Values for Each Nutrient
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: What is an ecosystem?

For a complete list of videos, visit our video library