Jesse purchases Erica's house and in so doing assumes the mortgage. Which of the following is true?
A) Only Jesse is personally liable to pay the mortgage.
B) Only Erica is personally liable to pay the mortgage.
C) Erica and Jesse are both personally liable to pay the mortgage.
D) Erica is liable only if Jesse defaults on paying the mortgage.
Correct Answer:
Verified
Q44: Which of the following carries with it
Q45: Adverse possession:
A) is an involuntary transfer of
Q46: A deed ordinarily contains all of the
Q47: Most states have adopted the:
A) title theory,
Q48: The right of redemption would require:
A) a
Q50: Which of the following is NOT essential
Q51: The power to convert private property to
Q52: Adverse possession, requires no:
A) contract.
B) deed.
C) formality.
D)
Q53: A typical enabling statute grants municipalities all
Q54: The seller's warranty that he has marketable
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