What Is the Statutory Period of Redemption

question 56

Multiple Choice

What is the statutory period of redemption?

• A) The time limit that a trustee can claim legal title to the real property.
• B) The time allotted to a mortgagor to redeem the property even after foreclosure.
• C) The time by which the mortgagor has to pay his debts before foreclosure.
• D) The time allotted by which a mortgagee must start legal proceedings against a defaulter.

---

Definitions:

Calorie

A unit of energy often used to measure the energy content in food and beverages, essential for human health and activity.

Energy

The capacity to do work or the power derived from the utilization of physical or chemical resources.

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.

Fat

A natural oily or greasy substance occurring in animal bodies, especially when deposited as a layer under the skin or around certain organs.