Use the Fact Situation in Q1 to Answer the Related

Multiple Choice

Use the fact situation in Q1 to answer the related question that follows. Based on the date and time of registration of each of the two mortgages,assume that six months after the registration of the mortgages,George defaults on the TD Canada Trust mortgage and that his house is now worth $600 000.00.On a sale of the house by TD Canada Trust,the Royal Bank would receive

A) $450 000.00.
B) $50 000.00.
C) $700 000.00.
D) $250 000.00.
E) $100 000.00.