Multiple Choice
A mortgagee who is exercising the power of sale has a duty of good faith to the mortgagor.Which of the following statements most accurately reflects the extent of this duty under Australian common law?
A) The mortgagee must advertise the sale through a licensed real estate agent.
B) The mortgagee must take reasonable care to obtain a proper market price.
C) The mortgagee must not act fraudulently,or recklessly sacrifice the interests of the mortgagor.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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