Jack enters into a lease with Mary for a term of one year. After six months Mary grants a mortgage over the leased property to the Royal Bank of Canada. A month later Mary defaults under the mortgage. Which of the following is not true?
A) Jack can continue to observes the terms of the lease.
B) The Royal Bank of Canada may claim the reversion.
C) The Royal Bank of Canada is bound by the lease and cannot obtain possession.
D) The Royal Bank of Canada's title is subject to lease.
E) The Royal Bank of Canada can evict Jack and sell the property.
Correct Answer:
Verified
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