Examlex
Which of the following statements concerning instruments of crime measurement is TRUE?
Equitable Mortgage
A type of mortgage recognized by a court based on the borrower's intent and the lender's interest, even though the formal legal requirements of a mortgage are not met.
Enforceable
Refers to a rule, policy, or agreement that is legally binding and can be upheld or imposed by law.
First Mortgage
A primary mortgage on property that has precedence over all other voluntary liens or mortgages recorded against the property.
Registered
Officially listed or recorded by an authority to acknowledge legal status or compliance.
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