Most States Have Adopted The

question 41

Multiple Choice

Most states have adopted the:

• A) title theory, which gives the mortgagor the right of ownership and possession.
• B) lien theory, under which the mortgagor retains title and is entitled to possession to the exclusion of the mortgagee, even if the mortgagor defaults.
• C) title theory, which brings no right of redemption.
• D) position that the person who owns property subject to a mortgage will not be liable to the creditor for "waste."

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Definitions:

Ocean Basins

The underwater depressions of the Earth's surface that contain the bulk of the planet's ocean water.

Abyssal Plains

Vast, flat areas of the deep ocean floor, situated at depths between 3,000 and 6,000 meters below sea level.

Seamounts

Underwater mountains formed by volcanic activity, which rise from the ocean floor but do not reach the surface.

Island Chains

Groups of islands formed close to one another, often as a result of volcanic activity along oceanic ridges or subduction zones.