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Question

The mortgage is a/an   agreement which entitles the bank to your house or property.


Correct Answer
A
legal
Your Answer
B
oral
Your Answer
C
illegal
Your Answer
D
unverified

Solution

The correct option is A legal
The mortgage is a legal agreement which entitles the bank to your house or property. There is a legal mechanism that is put into place which allows the lender to take possession and sell the secured property to pay off the loan in the event the borrower defaults on loan or otherwise fails to abide by its terms.

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