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Syd Borrowed $100 000 from Marnie

Question 64

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Syd borrowed $100 000 from Marnie.To secure repayment of that loan, he created a mortgage over a piece of land called Blackacre.Syd has now repaid the loan and complied with all of the terms of the mortgage.Under what circumstances will Marnie be required to complete a re-conveyance of title? Under what circumstance will she be required to complete a cessation of charge?

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