Chapter 14 Self-test questions

Mortgages

Quiz Content

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Who or what is the mortgagor?

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The mortgagor can redeem the mortgage only at the legal date of redemption.

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Which of the following statements is correct?

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The term "clogs and fetters" refers to one or some of the following statements. Please select all that apply.

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The mortgagee can choose all or any of the five potential remedies that it has in the court if the mortgagor defaults on his or her payments in order to recover its money.

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The right of the mortgagee to enter into possession of the property arises when:

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The AJA 1970 s.36 provides valuable protection for the mortgagor, if he can prove to the court that he can pay back any sums due under the mortgage in a reasonable time. In deciding what constitutes a "reasonable time", the court takes as its starting point a period of:

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The power of sale is exercisable as soon as the legal date of redemption is passed.

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Which of the following statements is correct? When the mortgagee decides to sell a mortgaged property to recover its money, it must:

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A bank can avoid the risk of a court setting aside a mortgage for a husband exerting undue influence to obtain the wife's consent to the mortgage if it:

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