Chapter 11 Multiple Choice questions

Chapter 11 Multiple Choice questions

Quiz Content

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. Which one of the following statements is the correct definition of a mortgage?

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. As to the creation of legal mortgages, which one of the following statements is incorrect?

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. Which one of the following circumstances will not give rise to an equitable mortgage?

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. Which one of the following statements as to the enforceability of legal mortgages against third parties is incorrect?

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. Which one of the following statements as to the enforceability of equitable mortgages against third parties is incorrect?

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. There must be no 'clogs or fetters' on a mortgagor's equitable right to redeem the mortgage. Which one of the following is not a factor the court will take into account when considering whether a term of the mortgage is oppressive or unconscionable and should therefore be struck down?

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. After the decision in Royal Bank of Scotland plc v Etridge (No.2) (2002), which one of the following statements best describes the conduct expected of mortgage lenders?

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. What endows the court with the power to postpone possession proceedings concerning dwelling houses where possession is sought by the mortgagee? Select one of the following.

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. Which one of the following is not a requirement for the statutory power of sale to arise under section 101 of the LPA 1925?

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. Which one of the following is not a duty owed by a lender when selling mortgaged land?

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