Use the Fact Situation in Q1 to Answer the Related

question 10

Multiple Choice

Use the fact situation in Q1 to answer the related question that follows. Based on the date and time of registration of each of the two mortgages,assume that six months after the registration of the mortgages,George defaults on the TD Canada Trust mortgage and that his house is now worth $600 000.00.On a sale of the house by TD Canada Trust,the Royal Bank would receive

• A)$450 000.00.
• B)$50 000.00.
• C)$700 000.00.
• D)$250 000.00.
• E)$100 000.00.

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Definitions:

Perceived Inequity

The feeling or belief that fairness has not been maintained in social exchanges or distribution of resources.

Change Outcomes

The process of influencing or altering the results or consequences of actions to achieve a desired goal.

Change Hierarchy

An organizational or systematic way of prioritizing alterations or amendments in processes, behaviors, or structures within a group or system.

Investing More Effort

The action of dedicating additional energy and resources towards achieving a task or goal.