Expectancy As Collateral
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
18541_lakeside_cabin_surviving_nieces · REAL_PROPERTY · Choice AEsther holds the lot as a tenant in common with Cedar Gate Credit Union.
Why it's attractive
It answers as if Ruth had a joint-tenancy interest that a mortgage could sever.
Why it's wrong
It answers as if Ruth had a joint-tenancy interest that a mortgage could sever.
18541_lakeside_cabin_surviving_nieces · REAL_PROPERTY · Choice CEsther is the sole owner of the lot, subject to Cedar Gate Credit Union's lien for Ruth's unpaid loan.
Why it's attractive
It correctly says Esther is sole owner but keeps a lien alive through a person who never owned the lot.
Why it's wrong
It correctly says Esther is sole owner but keeps a lien alive through a person who never owned the lot.
18541_lakeside_cabin_surviving_nieces · REAL_PROPERTY · Choice DEsther holds the lot as a joint tenant with Cedar Gate Credit Union.
Why it's attractive
It turns the lender into a joint tenant even though the will creates joint tenancy only among surviving nieces.
Why it's wrong
It turns the lender into a joint tenant even though the will creates joint tenancy only among surviving nieces.
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