Use the Fact Situation in Q1 to Answer the Related

question 49

Multiple Choice

Use the fact situation in Q1 to answer the related question that follows. The term or phrase used to describe the position or rank of the Royal Bank and TD Canada Trust mortgages on title based on the time of registration is

• A)equity of redemption.
• B)equity.
• C)priority.
• D)calculation period.
• E)amortization period.

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Definitions:

Adaptive

The ability or tendency to change or adjust effectively in response to different conditions or environments.

Mating

The pairing of individuals for reproductive purposes, often involving complex behaviors in animals, including humans.

Biological Approach

A perspective in psychology that emphasizes the importance of physical processes in the brain and other organs in understanding behavior and mental processes.

Heredity and Environment

The two main factors that contribute to the development of an individual’s physical and psychological traits, with heredity referring to genetic inheritance and environment to life experiences and conditions.