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:

Intrinsic Motivation

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An individual or tool that identifies, analyzes, and solves problems, often applying creative and analytical thinking.

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Worst-case Scenario

The most severe or unfavorable outcome imaginable in a given situation.