In one state, a mortgagee holds a lien on real property offered as collateral for a loan. The mortgagor retains both legal and equitable title to real property. If the borrower defaults on the loan, the lender must go through formal foreclosure proceedings to recover the debt. This state can be BEST characterized as what kind of state?
A) Intermediate theory
B) Mortgage theory
C) Title theory
D) Lien theory
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In one state, a mortgagee holds a lien on real property offered as collateral for a loan. The mortgagor retains both legal and equitable ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On April 30, Victor Services had an Accounts Receivable balance of $40,000. During the month of May, total credits to Accounts Receivable were $76,000 from customer payments. The May 31 Accounts Receivable balance was $33,000.
Answers (2)
Motorama, an automobile manufacturing company, had the largest number of its employees in the manufacturing sector last year.
Answers (1)
Kubal Inc. applies overhead based on machine hours. Kubal reports the following for the year just ended: Budgeted overhead for the year $250,000 Budgeted machine hours 2,000 Actual overhead for the year $275,000 Actual machine hours 2,400 What is
Answers (1)
Leah works for toffolon technicians in new hampshire, where she earns $30,000 annually. she contributes 3% to her 401 (k), of which her employer matches 1.5%.
Answers (1)
Tara works as a programmer for XYZ Electronics Company. About one month ago, Tara bought 500 shares of a small start-up firm with great technology because she heard rumors from the CFO's secretary that XYZ was planning to purchase the smaller
Answers (1)
New Questions in Business
A company sells two products with information as follows: A B Sales price per unit $12 $22 Variable cost per unit $10 $10The products are machine made.
Answers (1)
The structural support structure must lift the pipeline above the ground to allow free passage of wildlife under the pipeline. The loading on each truss support must be determined by calculating the weight of oil and of the pipe over each support.
Answers (1)
How is a gas different from a solid or a liquid? A. A gas is made of tiny particles. B. A gas has volume. C. A gas expands to fill the container. D. A gas has density. TY
Answers (1)
Property-tax revenues for the county were reported at $770,000 on its governmental funds statement, but property-tax revenues on the county's government-wide statement of activities were reported at $800,000. Why did this difference arise?
Answers (1)
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production.
Answers (1)