Most states have adopted the:
a. title theory, which gives the mortgagor the right of ownership and possession.
b. lien theory, under which the mortgagor retains title and is entitled to possession to the exclusion of the mortgagee, even if the mortgagor defaults.
c. title theory, which brings no right of redemption.
d. position that the person who owns property subject to a mortgage will not be liable to the creditor for "waste.".
b
You might also like to view...
A(n) ________ is an example of a nonverbal cue from someone who is expressive.
A. fleeting eye contact. B. active body language. C. short attention span. D. forceful tone.
A company had net sales of $583,000 and cost of goods sold of $364,000. Its gross margin equals $947,000.
Answer the following statement true (T) or false (F)
How can a company use communication strategies to fight counterfeiting?
What will be an ideal response?
Monty, a career criminal, steals a diamond from Prime Cut Jewelers. He then sells it to Adamas Jewelers, who is unaware of the stolen nature of the diamond
If Prime Cut discovers that the diamond is with Adamas, and reclaims the diamond, what warranty breach can Adamas declare to recover the cost from Monty? A) warranty against infringements B) warranty of no security interests C) warranty of no interference D) warranty of good title