When a Mortgage Is Assigned: ​

question 11

Multiple Choice

When a mortgage is assigned: ​

• A)the assignee attains greater rights than the assignor had.
• B)the assignor should require the assignee to produce an estoppel certificate.
• C)the assignee should have the assignment recorded.
• D)the last party to record an assignment has preference when there is more than one assignment.

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Definitions:

Multiple

A financial metric used to compare a company's market value to its earnings, sales, or other financial measures, often indicating how much investors are willing to pay per dollar of earnings or assets.

Total Variable Costs

Total variable costs are expenses that vary directly with changes in production or sales volume, such as raw materials and labor costs tied to production levels.

Activity Level

A measure of the volume of production or services that influences costs and revenue within a specified period.

Relevant Range

The range of activity over which the assumptions about cost behavior for a company are valid.