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 16 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?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Decremental property of graded potentials. Decremental property of graded potentials.
Prestige can sometimes be converted into property. Shown here is “Snooki” Polizzi, a reality ... Prestige can sometimes be converted into property. Shown here is “Snooki” Polizzi, a reality ...
Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ... Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ...
Locations and reference zones of trigger points that cause headaches. A. Upper trapezius. B. ... Locations and reference zones of trigger points that cause headaches. A. Upper trapezius. B. ...
Xinobi - Far Away Place (Jody Wisternoff & James Grant Remix) Xinobi - Far Away Place (Jody Wisternoff & James Grant Remix)
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library