Which of the following statements is not true about a mortgagee's duty of good faith in relation to their power of sale?
A) Mortgagees should take expert advice regarding the sale method and any reserve price.
B) Mortgagees must sell a mortgagee's property by auction to ensure there was a truly independent bargain.
C) Mortgagees who sell the property to an associate or corporation to themselves must prove the sale was in good faith and an independent bargain.
D) Mortgagees cannot sell the mortgagor's property to themselves.
Correct Answer:
Verified
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