Skip to main content
United States
Jump To
Support
Register or Log In
Support
Register or Log In
Instructors
Browse Products
Getting Started
Students
Browse Products
Getting Started
Return to Land Law: Directions 8e Resources
Chapter 14 Self-test questions
Quiz Content
*
not completed
.
Who or what is the mortgagor?
The bank or the building society who lends the money secured on the property.
correct
incorrect
The owner of the property, who grants the bank or building society a mortgage over his or her home.
correct
incorrect
The loan agreement secured on the property.
correct
incorrect
A person who arranges mortgages for people who want them.
correct
incorrect
*
not completed
.
The mortgagor can redeem the mortgage only at the legal date of redemption.
True
correct
incorrect
False
correct
incorrect
*
not completed
.
Which of the following statements is correct?
A legal mortgage in registered land can be created by demise: by granting a lease to the mortgagee.
correct
incorrect
A legal mortgage in registered land can be created by transferring the freehold of the land to the mortgagee.
correct
incorrect
A legal mortgage in registered land can now only be created by means of a legal charge over the land.
correct
incorrect
A legal mortgage over registered land can no longer be created.
correct
incorrect
*
not completed
.
The term "clogs and fetters" refers to one or some of the following statements. Please select all that apply.
Any term of the mortgage which attempts to restrict the mortgagor's right to redeem the mortgage.
correct
incorrect
Any term of the mortgage.
correct
incorrect
Any term of the mortgage which allows the mortgagee to obtain an unfair collateral advantage from the mortgagor.
correct
incorrect
The signatures of the parties to the mortgage and of their witnesses.
correct
incorrect
*
not completed
.
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.
True
correct
incorrect
False
correct
incorrect
*
not completed
.
The right of the mortgagee to enter into possession of the property arises when:
The mortgage agreement comes into existence.
correct
incorrect
The mortgagor defaults on a mortgage instalment.
correct
incorrect
The mortgagor breaches a material term of the mortgage agreement.
correct
incorrect
The mortgagor redeems the mortgage.
correct
incorrect
*
not completed
.
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:
6 months
correct
incorrect
2 years
correct
incorrect
10 years
correct
incorrect
The remaining term of the mortgage
correct
incorrect
*
not completed
.
The power of sale is exercisable as soon as the legal date of redemption is passed.
True
correct
incorrect
False
correct
incorrect
*
not completed
.
Which of the following statements is correct? When the mortgagee decides to sell a mortgaged property to recover its money, it must:
Sell the property as quickly as it can – whatever the price offered by potential purchasers.
correct
incorrect
Ensure that all information relevant to true the market value of the property is made known to potential purchasers.
correct
incorrect
Sell the property to the first person who offers to buy it.
correct
incorrect
Not sell the property until market conditions are favourable.
correct
incorrect
*
not completed
.
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:
Simply writes to the wife, suggesting that she obtains independent legal advice.
correct
incorrect
Obtains confirmation from a solicitor nominated by the wife that the wife has had a one-to one-meeting with the solicitor in which the solicitor explains the implications of the document that she will be signing.
correct
incorrect
Insists that the wife comes into the bank for a meeting with the bank manager.
correct
incorrect
Invites the husband and wife to come in to the bank together to discuss the implications of the wife signing the mortgage agreement.
correct
incorrect
Previous Question
Submit Quiz
Next Question
Reset
Exit Quiz
Review all Questions
Submit Quiz
Are you sure?
You have some unanswered questions. Do you really want to submit?
Back to top
Printed from , all rights reserved. © Oxford University Press, 2024
Select your Country