A Conveyance of a Interest in Land as Security for a Debt

question 8

Multiple Choice

A conveyance of a interest in land as security for a debt, with the condition that if the debt is repaid the conveyance becomes void is called

• A) a mortgagee.
• B) a mortgage.
• C) a mortgagor.
• D) a pledge.
• E) a security.

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Definitions:

Terminate

To bring to an end or conclude something, such as a legal contract, employment, or an ongoing process.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.

Registration

The act of recording information or data in an official list or database, often required by law for specific activities, businesses, or ownership claims.

Leasehold Interests

A tenant's rights to use and occupy real estate for a predetermined period as defined in a lease agreement.