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:

Binomial Theorem

A fundamental theorem in algebra that describes the algebraic expansion of powers of a binomial. According to the theorem, it's possible to expand the polynomial u200b\( (a + b)^n \)u200b into a sum involving terms of the form u200b\( a^k b^{n-k} \)u200b.

Expand

In mathematics, to rewrite an expression or equation in an extended form by distributing or multiplying out brackets.

Pascal's Triangle

A triangular array of numbers in which the edges are 1's, and each interior number is the sum of the two numbers directly above it.

Binomial Coefficient

The number of ways to choose a fixed number of elements out of a larger set, commonly represented as "n choose k."