Harlan 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. Harlan 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:
Verified
Q6: Holly purchased a home in Manitoba. The
Q7: Where a first mortgagee completes a foreclosure
Q8: Bondi gave a mortgage to Dante on
Q9: Harlan owns a rural farm in Nova
Q10: Bondi gave a mortgage to Dante on
Q12: Bondi gave a mortgage to Dante on
Q13: Gladys wants to purchase Francesco's home and
Q14: The following are the usual covenants of
Q15: Which of the following are true statements?
A)
Q16: Empire Bank and Smith execute a mortgage
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents