Multiple Choice
If there are several mortgages over one parcel of land how is priority determined?
A) Priority is determined by the date of creation.
B) It is not possible to have several mortgages over one parcel of land.
C) An equitable mortgage takes priority over a legal mortgage.
D) A legal mortgage takes priority over an equitable mortgage.
Correct Answer:
Verified
Correct Answer:
Verified
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