Multiple Choice
Which of the following statements is true of a mortgage of old system land?
A) The mortgagee is the legal owner of the real property.
B) The mortgagee is the equitable owner of the real property.
C) The mortgagee is both the legal owner and the equitable owner of the real property.
D) The mortgagee is neither the legal owner nor the equitable owner of the real property.
Correct Answer:
Verified
Correct Answer:
Verified
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