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:

Conformity

involves adjusting one's behavior or thinking to align with group norms or expectations, often due to real or imagined social pressure.

Obedience

The act of following orders or directives from authority figures, often studied in social psychology to understand the extent and limits of social influence.

Deindividuation

A psychological state where an individual loses their sense of self-awareness and individuality, often resulting in uninhibited and sometimes antisocial behavior.

Preservation Of Innovation

Preservation of innovation refers to the efforts and methods used to maintain, protect, and sustain innovative practices, ideas, or technologies over time.