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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Definitions:

Rehearsal

A cognitive process involving the repeated review or practice of information to aid in its retention and recall.

Spacing Effect

The tendency for distributed study or practice to yield better long-term retention than is achieved through massed study or practice.

Vocabulary Tests

Assessments designed to measure an individual's knowledge and comprehension of words and their meanings.

Crams

Intense study sessions or last-minute study attempts to memorize a large amount of information in a short period.