Bfp Timing
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
15060_scriptorium_storefront_mortgage · REAL_PROPERTY · Choice AOnly Ruth's mortgage is an enforceable lien, because Cedar Trust Bank had actual and constructive notice of Martha's fraud.
Why it's attractive
This choice jumps to the bank's later notice instead of the buyer's no-notice purchase.
Why it's wrong
This choice jumps to the bank's later notice instead of the buyer's no-notice purchase.
15060_scriptorium_storefront_mortgage · REAL_PROPERTY · Choice CBoth mortgages are enforceable liens, and Ruth's has priority because it was recorded before Cedar Trust Bank's mortgage.
Why it's attractive
The statute does not say the later first recorder wins against a buyer who already took without notice.
Why it's wrong
The statute does not say the later first recorder wins against a buyer who already took without notice.
15060_scriptorium_storefront_mortgage · REAL_PROPERTY · Choice DBoth mortgages are enforceable liens, but Cedar Trust Bank's has priority because Timothy was an innocent purchaser for value.
Why it's attractive
This choice keeps Ruth's mortgage alive even after the protected purchase.
Why it's wrong
This choice keeps Ruth's mortgage alive even after the protected purchase.
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