Accepted Payments Create Borrower Status
This trap appears as a wrong-answer choice in 1 active question. Spotting how it is built is the repair: read each example's “why it's attractive” before the “why it's wrong.”
Subject distribution
- Real Property1
Example wrong choices
14952_lakeside_retreat_subject_to · REAL_PROPERTY · Choice ALydia, because she is not in privity of estate with Timothy.
Why it's attractive
The reason does not use the stem's express non-assumption fact.
Why it's wrong
The reason does not use the stem's express non-assumption fact.
14952_lakeside_retreat_subject_to · REAL_PROPERTY · Choice BTimothy, because Lydia is in possession of the lodge and is in privity of estate with Timothy.
Why it's attractive
Possession and payments are not assumption words.
Why it's wrong
Possession and payments are not assumption words.
14952_lakeside_retreat_subject_to · REAL_PROPERTY · Choice DTimothy, because Mary's deed to Lydia violated the due-on-sale clause.
Why it's attractive
The clause gives acceleration; it does not create Lydia's personal promise.
Why it's wrong
The clause gives acceleration; it does not create Lydia's personal promise.
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