Question
Hayley loans David $20,000 by taking a mortgage on David's land on February 1 st , but does not record a mortgage. On April 1,
Hayley loans David $20,000 by taking a mortgage on David's land on February 1st, but does not record a mortgage. On April 1, Gavin loans David $15,000 taking a mortgage on the same land and records the mortgage on April 4th. Hayley then records her mortgage on April 8. Discuss the proceedings in case David is unable to pay either of the lenders.
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The Legal Environment Of Business Text And Cases
Authors: Frank B. Cross, Roger LeRoy Miller
9th Edition
1285428943, 9781305142947, 1305142942, 978-1285428949
