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Equitable Mortgage Requisites Quiz

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In an equitable mortgage, what type of contract do the parties enter into?

Employment contract

Contract of sale (correct)

Lease agreement

Loan agreement

What is the purpose of the intention of the parties in an equitable mortgage?

To lease the property to a third party

To secure a future debt by way of a mortgage

To purchase property without a mortgage

To secure an existing debt by way of a mortgage (correct)

What are the essential requisites of an equitable mortgage?

A loan agreement and intention to purchase property

A contract of sale and intention to secure an existing debt (correct)

An employment contract and intention to secure a business loan

A lease agreement and intention to secure a future debt

Equitable Mortgage Requisites Quiz

Choose a study mode

Podcast

Questions and Answers

In an equitable mortgage, what type of contract do the parties enter into?

What is the purpose of the intention of the parties in an equitable mortgage?

What are the essential requisites of an equitable mortgage?

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