As Used in the Context of a Mortgage, the Legal

question 29

Multiple Choice

As used in the context of a mortgage, the legal concept of a "charge"

• A)means that the land is located in a part of the country that uses the land titles system.
• B)refers to the interest that the mortgagee must pay on the loan.
• C)occurs when the mortgagor demands possession of the property.
• D)means that the land must be subject to some pre-existing, unregistered interest.
• E)requires title to the property to be transferred at the outset.

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