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

Author Question: Which of the following is false with regard to the nature of mortgages? (Read 42 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Aug 7, 2021
Which of the following is false with regard to the nature of mortgages?
◦ A second mortgage is referred to as an equitable mortgage because it is the equity of redemption that is transferred to the mortgagee as security.
◦ In the case of default, the property cannot be sold by a second mortgagee until the end of the redemption period.
◦ In the event of default, the first mortgagee must wait until the end of the redemption period to ask the court to make the foreclosure absolute if payment has not been made.
◦ The land titles system of land registration provides that the mortgagee does not show up as the registered owner on the state of title certificate but merely as the holder of a charge against the property.
◦ Unlike an agreement for sale, under which an owner retains title to his property until the purchaser makes all payments, a mortgage is a document by which the owner conveys title to a lender.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by viki on Aug 7, 2021

shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


viki

  • Member
  • Posts: 525
Reply 2 on: Aug 7, 2021
:D TYSM

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Spur-winged Goose - De Hoop Nature Reserve, South Africa Spur-winged Goose - De Hoop Nature Reserve, South Africa
False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth. False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth.
NATURE`S BEAUTY NATURE`S BEAUTY
The Nature of Environmental Science: A fireman battles with a forest fire The Nature of Environmental Science: A fireman battles with a forest fire
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Kindergarten nature drawing Kindergarten nature drawing
Video: Acids and bases - definition

For a complete list of videos, visit our video library