If the Mortgagees Dispose of the Land and Building,and the Proceeds

question 53

True/False

If the mortgagees dispose of the land and building,and the proceeds are sufficient to pay the first mortgage in full,and one half of the second,the second mortgagee may claim for the balance in the bankruptcy as an unsecured creditor.

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Definitions:

Chocolate Mousse

A rich, fluffy dessert made primarily from chocolate and cream.

Conditioned Stimulus

A conditioned stimulus is a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

Pavlovian Conditioning

A form of learning in which a neutral stimulus comes to elicit a response after being paired with a stimulus that naturally brings about that response.

Asymptomatic Response

A physical or psychological response that occurs without the presentation of symptoms, often in the context of disease or infection.