Debra buys land from Oscar, relying upon a mortgage release executed and recorded by the mortgagee, Keith. Keith, however, had previously assigned the mortgage to Andrew who failed to have the assignment recorded. In this case, Andrew has:
A) no claim against the property in the absence of Debra's actual knowledge of the assignment by Keith.
B) no claim against the property because a mortgagee has no right to assign the mortgage to another person.
C) a claim against the property because the assignment to him took place before Debra's purchase of the land.
D) a claim against the property because recording is not necessary to the effectiveness of a mortgage assignment.
A
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Fill in the blank(s) with the appropriate word(s).
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The Factory Overhead account is (debited/credited) for actual overhead costs.