Which of the Following Is Not True Regarding Second Mortgages

question 12

Multiple Choice

Which of the following is not true regarding second mortgages?

• A) A second mortgagee ranks behind the first in priority.
• B) A second mortgage does not convey the legal title to the mortgagee.
• C) A mortgagor who wishes to give a second mortgage can only give an interest in the equity of redemption.
• D) A second mortgagee's interest is in the fee simple.
• E) In the event of a default and sale of the property, the second mortgagee is paid to the extent that there is a surplus after paying of the first mortgage.

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Definitions:

Engelmann's Experiment

An experiment by Theodor Engelmann using a prism and algae to demonstrate the wavelength of light that photosynthesis is most efficient.

Accessory Pigments

Pigments in plants and algae that capture light energy and pass it to chlorophyll during photosynthesis, extending the range of light wavelengths that can be used.

Photosynthetic Organisms

Organisms that convert light energy into chemical energy through the process of photosynthesis, including plants, algae, and certain types of bacteria.

Photons

Elementary particles of light and other forms of electromagnetic radiation, with wave-particle duality.