Multiple Choice
Linda and David borrowed $10,000 from the Smart Loan Company and executed a mortgage on their home to Smart Loan as security for the note.Smart Loan did not record the mortgage.If Linda and David sell their home to Sheila,and Sheila is not aware of the mortgage:
A) the mortgage is as valid for Sheila as to Linda and David.
B) the mortgage is not valid for Sheila.
C) the mortgage is valid for future creditors only.
D) the mortgage is invalid for all parties.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: _ of the Uniform Commercial Code sets
Q41: If the creditor allows the principal an
Q42: A guarantor is a person who:<br>A)joins with
Q43: A surety:<br>A)is liable for the performance of
Q43: A surety could avoid liability for a
Q44: In a 'deed of trust' transaction,the borrower
Q46: People who contract to furnish labor or
Q47: In a land sales contract,the seller usually
Q48: Which of the following statements concerning foreclosure
Q50: Arnold purchased real estate known as Parcel