Use the fact situation in Q1 to answer the related question that follows. Assuming that both the Royal Bank and the TD Canada Trust mortgage were registered on title to George's home,the equity in the home would be
A) $450 000.00
B) $250 000.00
C) $700 000.00
D) $50 000.00
E) $750 000.00
Correct Answer:
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A)a preferred creditor.
B)a secured creditor.
C)an
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