Multiple Choice
The 'right of redemption' in relation to a mortgage of Torrens system land refers to:
A) The mortgagee's right to insist upon the execution of a registrable release of the mortgage by the mortgagor upon payment of the loan.
B) The mortgagor's right to insist upon the execution of a registrable release of the mortgage by the mortgagee upon payment of the loan.
C) The mortgagor's right to redeem the land in the event of a late payment.
D) The mortgagee's right to redeem the land if all payments were made as contracted.
Correct Answer:
Verified
Correct Answer:
Verified
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