In Relation to a Mortgage of Old System of Land

question 34

Multiple Choice

In relation to a mortgage of old system of land, the mortgagor's interest in the land is protected by:

• A)the fact that they are the legal owner.
• B)a signed release document.
• C)a covenant in the deed of conveyance.
• D)a caveat on the register.

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Definitions:

Investing Activities

Financial transactions related to the acquisition or disposal of long-term assets and other investments not included in cash equivalents.

Loans Receivable

Loans receivable are amounts owed to a lender by borrowers, recognized as assets on the lender's balance sheet.

Repayment

The act of paying back money previously borrowed from a lender.