The 'Right of Redemption' in Relation to a Mortgage of Torrens

question 40

Multiple Choice

The 'right of redemption' in relation to a mortgage of Torrens system land refers to:

• A)The mortgagee's right to insist upon the execution of a registrable release of the mortgage by the mortgagor upon payment of the loan.
• B)The mortgagor's right to insist upon the execution of a registrable release of the mortgage by the mortgagee upon payment of the loan.
• C)The mortgagor's right to redeem the land in the event of a late payment.
• D)The mortgagee's right to redeem the land if all payments were made as contracted.

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Definitions:

Hierarchy of Needs

A theory proposed by Abraham Maslow outlining a five-tier model of human needs, from basic physiological needs to self-actualization, each level needing to be fulfilled before moving to the next.

Cognitive Needs

Mental requirements essential for the growth and development of an individual, such as knowledge, comprehension, and curiosity.

Overprotected

A situation where an individual is shielded excessively from potential risks or harms, possibly hindering their development or independence.

Self-Actualization

The process of realizing and fulfilling one's potential, talents, and capabilities, considered the highest level of psychological development in Maslow's hierarchy of needs.