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As Used in the Context of a Mortgage, the Legal

Question 29

Multiple Choice

As used in the context of a mortgage, the legal concept of a "charge"


A) means that the land is located in a part of the country that uses the land titles system.
B) refers to the interest that the mortgagee must pay on the loan.
C) occurs when the mortgagor demands possession of the property.
D) means that the land must be subject to some pre-existing, unregistered interest.
E) requires title to the property to be transferred at the outset.

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