If Mortgagors Sell the Interest in Their Property Without the Consent

question 47

Multiple Choice

If mortgagors sell the interest in their property without the consent of the mortgagee, _____.

• A) they have acted illegally
• B) the sale does not affect the mortgagee's interest in the property
• C) the mortgagee will lose his or her interest in the property
• D) the mortgagee will lose all claims against the mortgagor

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Definitions:

Anglo-Dutch War

A series of military conflicts between England (later Great Britain) and the Dutch Republic in the 17th and 18th centuries, largely over trade and maritime dominance.

New Amsterdam

The 17th century Dutch colony that was located at the southern tip of Manhattan Island, which later became New York City upon English acquisition.

New Netherland

A 17th-century colonial province of the Dutch Republic that included parts of present-day New York, New Jersey, Delaware, and Connecticut.

Dutch Reformed Church

A Protestant Christian denomination originating in the Netherlands during the Reformation, known for Calvinist theology and significant presence in North America.