Solved

Hill Billy Owns a Rural Farm in Nova Scotia

Question 2

Multiple Choice

Hill Billy owns a rural farm in Nova Scotia.There is a mortgage on the farm in the amount of $100,000.The farm has a house,a barn and two machine sheds.He obtained a mortgage from the bank.Hill Billy decided that the house was too expensive to heat in the winter so he turned the heat off and moved into one of the smaller machine sheds.All of the pipes burst.Which of the mortgage covenants were breached?


A) Quiet possession
B) Not to commit waste
C) Acceleration clause
D) Equity of redemption
E) Maintenance and improvement

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents