11.

The rules for division of property and debt upon a marriage breakdown are dealt with under:

Question 11 options:

	The Wills Act
	Provincial statutes
	The Federal Divorce Act
	The Provincial Divorce Act

12.

Samuel, who has just purchased a new home, is considering the different ways in which he can structure the mortgage. He considers a mortgage with a five-year term and a 25-year amortization period. He is also considering a fixed rate of interest for the mortgage, which is currently 5.45% for a five-year term. If Samuel proceeds with this mortgage structure, which one of the following statements is true?

Question 12 options:

	Any reduction to the amortization period will reduce Samuels total interest cost
	The 5.45% rate of interest will remain fixed throughout the whole amortization period
	At the end of the five-year term, the only option Samuel will have is to repay the outstanding mortgage balance
	The combination of a fixed interest rate and five-year term leaves Samuel with more uncertainty than if he selected a variable rate of interest with a five-year term