Under a Mortgagee Loss Clause, If a Mortgagor-Owner Intentionally Destroys

question 6

Multiple Choice

Under a mortgagee loss clause, if a mortgagor-owner intentionally destroys mortgaged property:

• A)the mortgagee-bank cannot recover from the insurance company.
• B)the mortgagee-bank can recover from the insurance company, which can then recover its loss from the owner.
• C)the mortgagee-bank can recover from the insurance company, but the insurance company cannot recover its loss from the owner.
• D)none of the above.

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Definitions:

Mark

A symbol, sign, or indication of something; in an academic context, it often refers to a grade or score.

Identity Diffusion

Identity status, described by Marcia, that is characterized by absence of commitment and lack of serious consideration of alternatives.

Adolescents

Individuals in the transitional stage of development between childhood and adulthood, typically between the ages of 13 and 19.

Foreclosure

in the context of identity development, is the premature commitment to an identity without adequate exploration of other options.