The 'Right of Redemption' in Relation to a Mortgage of Torrens

question 47

Multiple Choice

The 'right of redemption' in relation to a mortgage of Torrens system land refers to:

• A)the mortgagee's right to insist upon the execution of a registrable release of the mortgage by the mortgagor upon payment of the loan.
• B)the mortgagor's right to insist upon the execution of a registrable release of the mortgage by the mortgagee upon payment of the loan.
• C)the mortgagor's right to redeem the land in the event of a late payment.
• D)the mortgagee's right to redeem the land if all payments were made as contracted.

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Definitions:

Zone of Proximal Development

A concept in education and psychology referring to the difference between what a learner can do without help and what they can achieve with guidance or collaboration.

Preoperational Thinking

A stage in Jean Piaget's theory of cognitive development where children aged 2 to 7 years old think symbolically but are not yet able to perform operations, or reversible mental processes.

Physical Maturation

The process of reaching physical and biological growth and development, eventually achieving full adult size and functional capability.

Zone of Proximal Development

A concept in education and psychology referring to the difference between what a learner can do without help and what they can achieve with guidance.