Use the fact situation in Q1 to answer the related question that follows. Given the time of registration of the Royal Bank and the TD Canada Trust mortgages,
A) the Royal Bank mortgage is a first mortgage.
B) the TD Canada Trust mortgage is a first mortgage.
C) both mortgages rank equally.
D) the TD Canada Trust mortgage is void as against the Royal Bank mortgage.
E) the Royal Bank mortgage is void as against the TD Canada Trust mortgage.
Correct Answer:
Verified
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Q11: Use the fact situation in Q1 to
Q12: Use the fact situation in Q1 to
Q13: Use the fact situation in Q1 to
Q18: Use the fact situation in Q1 to
Q19: A lender who accepts an interest in
Q19: Use the fact situation in Q1 to
Q20: Under the registry system,when a first mortgagee
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