Equitable Mortgage Requisites Quiz
3 Questions
3.5 Stars

Equitable Mortgage Requisites Quiz

Test your knowledge of equitable mortgage requisites with this quiz. Determine whether the given conditions constitute an equitable mortgage.

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Questions and Answers

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

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