Which Statement Is Incorrect Concerning Mortgages

question 49

Multiple Choice

Which statement is incorrect concerning mortgages?

• A) The mortgagee's interest terminates upon performance of the obligation secured by the mortgage.
• B) The mortgagee has the right to enforce the mortgage by foreclosure upon default by the mortgagor.
• C) The mortgagor must have complete or absolute ownership in the property.
• D) Generally, no particular form of language is required to create a mortgage.

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Definitions:

Office Supplies

Items and materials used in offices for daily operations, including pens, paper, staplers, and other stationery.

Custom-Made

Refers to goods specifically designed and produced to meet the particular requirements of a customer.

Winter Coat

A garment designed for protection against cold weather, typically extending beyond the waist and incorporating insulating features.

Forced

Compelled or coerced action or decision, often against one's will.