Ramla Borrowed $100 000 from Wilhelm

question 10

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)In normal circumstances,Wilhelm will take possession of Blackacre immediately in order to protect the value of the security.
• 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)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.

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