Syd Borrowed $100 000 from Marnie

question 60

Essay

Syd borrowed $100 000 from Marnie.To secure repayment of that loan,he created a mortgage over a piece of land called Blackacre.Syd has now repaid the loan and complied with all of the terms of the mortgage.Under what circumstances will Marnie be required to complete a re-conveyance of title? Under what circumstance will she be required to complete a cessation of charge?

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Definitions:

Chi-square Goodness-of-fit

A statistical test to determine how well observed data fit an expected distribution, generally used for categorical data.

Chi-square Technique

A statistical test used to determine the difference between observed results and expected results in categorical datasets.

Qualitative Variables

Variables that express categorical properties or qualities such as gender, nationality, or brand preference, and are not numerical.

Independence

A statistical condition where two events or variables have no association or influence on each other; their occurrence is unrelated.