On May 1, 2010, Cynthia Hendrix bought her home and First Bank recorded its mortgage. On June 24, 2012, Cynthia sold her home to Stanton Gulbrandsen for $250,000. At that time, Cynthia's mortgage was $225,000. Stanton assumed Cynthia's mortgage and gave Second Bank a second mortgage for $225,000. Second Bank did not record its mortgage. On October 12, 2014, Stanton sold the home to Derek Bolger

for $275,000. Bolger took the property subject to the previous mortgages and executed a $275,000 mortgage to Third Bank. Third Bank recorded its mortgage on October 18, 2014. Third Bank knew of the Second Bank mortgage. In a race state, which mortgage company has priority??
A)?First Bank
B)?Second Bank
C)?Third Bank
D)?Impossible to tell from facts given


C

Business

You might also like to view...

Marketers identify which segments of buyers present the greatest opportunity. These segments are called ________ markets

A) target B) capital C) tertiary D) demographic E) developing

Business

In the distributed data processing approach

a. computer services are consolidated and managed as a shared organization resource b. the computer service function is a cost center c. the end users are billed using a charge-back system d. computer services are organized into small information processing units under the control of end users

Business

Samantha is asked by her boss to attend the supervisors' meeting in the afternoon, and to participate in a brief discussion on the flex-time schedule proposal her department is supporting

Which of the following is true about Samantha's preparation for this meeting? A) She should anticipate and outline the questions and objections the supervisors will have to this proposal, so that she can address them. B) She should create a list of only a few bullet points focusing on the benefits this proposal has for herself and her coworkers. C) She should create an elaborate outline and distribute it at the meeting. D) She should focus on only the benefits of the proposal. E) It is best to enter a situation like this without an outline and just be spontaneous.

Business

The _________ section of your plan includes a segmentation grid, customer use cases, and customer needs

a. Market b. Solution c. Go-to-Market d. Operations

Business