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:

Subtyping

Schema change as a consequence of schema-inconsistent information, causing the formation of subcategories.

Prototyping

The process of creating an early model or sample of a product to test concepts or processes.

Schemas

Cognitive frameworks or concepts that help individuals organize and interpret information from the world around them.

Instances

Specific examples or occurrences of a particular event, situation, or phenomenon.