Multiple Choice
What is a mortgage?
A) a loan to purchase a house or other real property
B) a contract to purchase a house or other real property
C) any loan associated with real property
D) a security agreement in which real property is pledged as collateral for the related debt
E) an unsecured agreement in which real property is pledged as collateral for the related debt
Correct Answer:
Verified
Correct Answer:
Verified
Q96: Which of the following is true about
Q97: In a mortgage,the creditor is the mortgagor.
Q98: Only one creditor can have a perfected
Q99: A filed financing statement remains in force
Q100: _ means that the creditor has an
Q102: Mechanic's liens are exempt from the rules
Q103: In a foreclosure sale,any surplus must be
Q104: Generally,if the sale of collateral is insufficient
Q105: A writ of execution is a court
Q106: Perfection is necessary in order for a