Question
Gilbert owns land worth $10,000 which is subject to a mortgage to secure a debt of $6,000. He promises to make a gift of the
Gilbert owns land worth $10,000 which is subject to a mortgage to secure a debt of $6,000. He promises to make a gift of the land to his daughter Danielle and to pay off the mortgage. Later, Gilbert gives Danielle a deed subject to the mortgage. Danielle accepts but then sues her dad for the mortgage. Who will win?
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Macroeconomics Institutions Instability And The Financial System
Authors: Wendy Carlin, David Soskice
1st Edition
0199655790, 978-0199655793
