← All traps
MisconceptionObserved in bank

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.

Practice the questions that use this trap as a distractor and get full Wrong Answer Forensics on submit.

Practice questions using this trap →
Accepted Payments Create Borrower Status — Trap Taxonomy | BarMatrix