Assumption Offer Detour
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
22105_hannah_lakeside_joint_tenant_lien · REAL_PROPERTY · Choice AYes, because Timothy gave Covenant Bank a lien against the entire cabin parcel.
Why it's attractive
lets Timothy's unilateral mortgage reach more than his survivorship-limited interest
Why it's wrong
lets Timothy's unilateral mortgage reach more than his survivorship-limited interest
22105_hannah_lakeside_joint_tenant_lien · REAL_PROPERTY · Choice CNo, because Hannah did not learn of the mortgage until after Timothy died.
Why it's attractive
uses Hannah's ignorance instead of the ownership event that kills the lien
Why it's wrong
uses Hannah's ignorance instead of the ownership event that kills the lien
22105_hannah_lakeside_joint_tenant_lien · REAL_PROPERTY · Choice DYes, because Covenant Bank gave Hannah an opportunity to assume Timothy's mortgage payments.
Why it's attractive
treats a post-death payment offer as creating foreclosure rights
Why it's wrong
treats a post-death payment offer as creating foreclosure rights
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