Which of the Following Is True of the Recording Statute

question 90

Multiple Choice

Which of the following is true of the recording statute?

• A) It affects the legality of the instrument between the mortgagor and the mortgagee.
• B) The mortgagor is not obligated to pay the amount if the document is not recorded.
• C) The mortgagor is obligated to pay even if the document is not recorded.
• D) An improperly recorded document is still effective against other mortgagees and purchasers.

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Definitions:

Social Obligations

Duties or responsibilities that individuals are expected to fulfill in their interactions with other members of society.

Mores

Deeply ingrained cultural norms or moral views that dictate what is considered right and wrong within a society.

Convention

A gathering or assembly of individuals with common interests, often for the purpose of discussion, networking, or promoting ideas and practices within a specific field.

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity, uncertainty, and unstructured situations, influencing their behavior and decision-making.