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
Q42: Legal tender is best defined as:<br>A)cash payment.<br>B)currency
Q43: What is the effect of 'crossing' a
Q44: What is the legal effect of using
Q45: A 'creditor' is:<br>A)a banking institution.<br>B)a lending institution.<br>C)any
Q46: What kind of documentation is a credit
Q48: Which of the following is not a
Q49: What is the effect of marking a
Q50: In which of the following circumstances is
Q51: The form of ADR that occurs when
Q52: A mortgage is a security for a