Use the fact situation in Q1 to answer the related question that follows. Assuming that the Royal Bank mortgage was to be a first mortgage,in Ontario,
A) it would transfer legal title of George's house to the Royal Bank.
B) it would simply be a lien on encumbrance on title to George's home.
C) it would transfer an equitable interest in George's house to the Royal Bank.
D) it would transfer the equity in George's house to the Royal Bank.
E) it would transfer the equity of redemption in George's house to the Royal Bank.
Correct Answer:
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