Ramla Borrowed $100 000 from Wilhelm

question 49

Multiple Choice

Ramla borrowed $100 000 from Wilhelm.As security for repayment of that loan, she created a mortgage over a piece of land called Blackacre.Which of the following statements is TRUE?

• A)As long as Wilhelm has registered the mortgage, he has no reason to care if Ramla does not pay the property taxes on Blackacre.
• B)If the mortgage contract contains a bonus clause, then Ramla will have to pay a financial penalty if she repays the loan quicker than agreed.
• C)Because he has both personal and property rights, Wilhelm has no reason to care if Ramla does not insure Blackacre.
• D)In normal circumstances, Wilhelm has the primary duty to refrain from committing an act of waste.
• E)In normal circumstances, Wilhelm will take possession of Blackacre immediately in order to protect the value of the security.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Smell Perception

Smell perception, or olfaction, is the process by which the brain interprets odors, involving the detection of chemical molecules in the air by the olfactory system.

Nucleus Accumbens

A region in the brain associated with the reward circuit, playing key roles in motivation, pleasure, and reinforcement learning.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.