Which Statement Is Incorrect Concerning Mortgages

question 46

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) An unrecorded mortgage is invalid between mortgagor and mortgagee.
• D) Generally, no particular form of language is required to create a mortgage.

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Definitions:

Role Model

An individual admired for their qualities or achievements, who serves as an example for others to emulate.

Mentor

An experienced and trusted advisor who provides guidance, support, and advice to a less experienced person, often in a professional context.

Conditional Positive Regard

A concept where acceptance and love are contingent upon a person's behavior, as opposed to unconditional positive regard which is given regardless of actions.

Brag

To speak with excessive pride and self-satisfaction about one's achievements, possessions, or abilities.