Multiple Choice
Which of the following is not true regarding a Charge and Mortgage?
A) The remedy for a default under a Charge is the sale of the land that is charged.
B) Under the land titles system, mortgages are called charges.
C) A Charge is a lien upon the land.
D) A Charge is conveyance of the legal title.
E) A mortgage is the conveyance of the legal title as security for a debt.
Correct Answer:
Verified
Correct Answer:
Verified
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