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44. Don mortgages his property to Commercial 45. A clog on the equity of redemption means
Inc. for the sum of $20 000. Which of the that the mortgagee CANNOT
following remedies would be available to
Commercial Inc. should Don default on the (A) reserve the right to purchase the
loan? mortgaged property
(B) reserve benefits after the mortgagor
I. Power of foreclosing on the property has redeemed the mortgaged
II. Right to take possession property
III. Right to sue Don (C) be allowed to restrict the
mortgagor’s right to redeem the
(A) I and II only mortgaged property
(B) I and III only (D) enter into an agreement with the
(C) II and III only mortgagor to become owner on
(D) I, II and III the death of the mortgagor

END OF TEST

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02231010/CAPE/SPEC 2017