Use the fact situation in Q1 to answer the related question that follows. Assume that George comes into an inheritance and pays off the TD Canada Trust mortgage in full.TD Canada Trust will give George
A) a cancellation of the debt.
B) a transfer of its mortgage.
C) a discharge of its mortgage.
D) a partial discharge of its mortgage.
E) an assignment of its mortgage.
Correct Answer:
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Q1: A mortgagee is
A)a preferred creditor.
B)a secured creditor.
C)an
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Q11: Use the fact situation in Q1 to
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