Under a Mortgage of Old System Land, When Is the Mortgagee

question 6

Multiple Choice

Under a mortgage of old system land, when is the mortgagee entitled to take possession of the mortgaged property?

• A)At any time because the mortgagee is the legal owner of the property.
• B)Only when the mortgagor defaults on payment by 2 months.
• C)Only when the mortgagor is in breach of a condition of the mortgage.
• D)Only after obtaining a court judgement granting them possession.

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