Which Statement Is Incorrect Concerning Mortgages

question 49

Multiple Choice

Which statement is incorrect concerning mortgages?

• A) The mortgagee's interest terminates upon performance of the obligation secured by the mortgage.
• B) The mortgagee has the right to enforce the mortgage by foreclosure upon default by the mortgagor.
• C) The mortgagor must have complete or absolute ownership in the property.
• D) Generally, no particular form of language is required to create a mortgage.

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The cognitive process of selecting a course of action from among multiple alternatives, often involving a sequence of steps from identifying a problem to implementing a solution.

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Informal interactions and connections that occur in society outside of formal institutions and structures.