Which of the following is false with regard to mortgages on land?
A) The right to foreclose is a remedy from the court of equity that allowed the mortgagee the right to end the mortgagor's equitable right to redeem the property after default.
B) If the borrower (the mortgagor) is paying and otherwise honouring the terms of the mortgage,he is entitled to no interference with his use of the property by the mortgagee.
C) The courts of equity have given the borrower (mortgagor) the right to redeem his property even after default if he makes the appropriate payments.
D) A mortgage is a contract between a lender and a borrower that provides that the borrower not only gives the lender his promise to pay but also grants the lender title to his real property to hold as security.
E) A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure.
Correct Answer:
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