A purchaser of land has no need to worry if the land is already subject to a

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“A purchaser of land has no need to worry if the land is already subject to a mortgage. As long as the purchaser did not personally create the mortgage, the mortgagee can sue only the person who actually obtained the loan that is associated with the mortgage.” Is that statement true? Explain your answer.

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Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0133847154

5th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

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