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A redundant constraint results in
Principal Remedies
Refers to the main legal means through which a breach of contract or harm can be addressed, typically including damages, specific performance, and rescission.
Mortgagor
The borrower in a mortgage agreement, who pledges property to a lender as security for the loan being taken.
Mortgagee
The lender in a mortgage agreement, typically a bank or financial institution, that holds the property as security for the repayment of the loan.
Equitable Mortgage
A type of mortgage recognized by a court based on the borrower's intent and the lender's interest, even though the formal legal requirements of a mortgage are not met.
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