The Need to Have a Borrower Sign Both a Mortgage

question 8

Multiple Choice

The need to have a borrower sign both a mortgage and a promissory note is necessary as these two documents are:

• A) Both collateral instruments
• B) Considered interlinked documents
• C) Must both be recorded to have a perfected interest
• D) None of the above

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Definitions:

Social Consensus

Agreement among members of a group or society on beliefs, values, or behaviors.

Power Assertion

A discipline technique in which a parent attempts to gain control over the child or the child’s resources.

Parental Induction

Parental induction involves parents teaching their children desirable behavior by explaining the reasons behind rules, emphasizing empathy and the consequences of actions.

Parental Induction

A parenting strategy that involves explaining the reasons behind rules or decisions to encourage understanding and cooperation from children.