Which of the Following Is False with Regard to Mortgages

question 154

Multiple Choice

Which of the following is false with regard to mortgages on land?

• A)The right to foreclose is a remedy from the court of equity that allowed the mortgagee the right to end the mortgagor's equitable right to redeem the property after default.
• B)If the borrower (the mortgagor)is paying and otherwise honouring the terms of the mortgage,he is entitled to no interference with his use of the property by the mortgagee.
• C)The courts of equity have given the borrower (mortgagor)the right to redeem his property even after default if he makes the appropriate payments.
• D)A mortgage is a contract between a lender and a borrower that provides that the borrower not only gives the lender his promise to pay but also grants the lender title to his real property to hold as security.
• E)A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure.

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Definitions:

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The process by which individuals adjust their communication styles to match or oppose others in a conversation.

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