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-notice state, which mortgage company has priority?
A)?First Bank
B)?Second Bank
C)?Third Bank
D)?Impossible to tell from facts given
A
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A good positioning statement should help marketers
A) find the best distribution channels for their products. B) conduct effective interviews of new sales personnel. C) understand what consumers think and will learn about their products. D) determine which department public relations reports to in an organization. E) avoid using promotion to sell their products.
Which of the following industries is least likely to use direct labor hours as a cost driver?
a. A pharmaceutical Company b. An automobile company c. A construction company d. An automated manufacturing concern
In a process costing system, with the exception of the first department, each department receives output from the prior department as a partially processed product.
Answer the following statement true (T) or false (F)
The final stage of the new-product development process is the ________ ________.
Fill in the blank(s) with the appropriate word(s).