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Jesse Purchases Erica's House and in So Doing Assumes the Mortgage

Question 78

Multiple Choice

Jesse purchases Erica's house and in so doing assumes the mortgage. Which of the following is true?


A) Only Jesse is personally liable to pay the mortgage.
B) Only Erica is personally liable to pay the mortgage.
C) Erica and Jesse are both personally liable to pay the mortgage.
D) Erica is liable only if Jesse defaults on paying the mortgage.

Correct Answer:

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