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:

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or command.

Authority Figure

An individual who holds power or influence over others, often in a specific context like a workplace, educational setting, or family.

Door-In-The-Face Technique

A persuasive strategy that involves making a large request that is expected to be refused in order to increase the likelihood of compliance with a smaller request.

Late Shift

In work contexts, a shift that starts late in the day or evening and can extend into the night; in cognitive terms, a late change or shift in opinion or strategy.