Solved

Rita, an Alberta Resident, Has Just Paid Off a Mortgage

Question 2

Multiple Choice

Rita, an Alberta resident, has just paid off a mortgage on property located in Nova Scotia. She has a right to demand that the mortgagee provide her with a Release of Mortgage that can be registered. Why will title be returned to Rita?


A) She has legal title to the property.
B) It was an equitable mortgage.
C) Repayment fulfilled the acceleration clause.
D) She has the equity of redemption.
E) She is foreclosed.

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