3 Questions
In an equitable mortgage, what type of contract do the parties enter into?
Contract of sale
What is the purpose of the intention of the parties in an equitable mortgage?
To secure an existing debt by way of a mortgage
What are the essential requisites of an equitable mortgage?
A contract of sale and intention to secure an existing debt
Test your knowledge of equitable mortgage requisites with this quiz. Determine whether the given conditions constitute an equitable mortgage.
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