Wally Kramer, Saskatchewan farmer, wished to buy an additional 160 acres, but didn't have the money. He borrowed it from his uncle Chester and gave Chestera mortgage on the addition
Chester didn't have legal advice and neglected to register the mortgage. Wally found the mortgage payments too much for him, so he sold the new land to his neighbour, Phil Hazel. Phil registered the deed. Can Chester now enforce the mortgage against Phil?
A) Yes, a mortgage runs with the land.
B) Yes, the mortgage was in writing and dated before the deed
C) No, Chester's mortgage was not registered
D) Yes, Phil had constructive notice of the mortgage.
E) both A and B
C
You might also like to view...
Discriminant analysis can be used to answer questions such as ________
A) How much of the variation in sales can be explained by advertising expenditures, prices, and level of distribution? B) In terms of demographic characteristics, how do customers who exhibit store loyalty differ from those who do not? C) What are the distinguishing characteristics of consumers who respond to direct mail solicitations? D) Both B and C are correct.
High quality tends to result in lower production costs.
Answer the following statement true (T) or false (F)
What is the critical value for this test?
Given a choice, most companies would prefer to report a liability as current rather than long-term, because doing so may cause the firm to appear less risky.
Answer the following statement true (T) or false (F)