X (a widower) is the father of Z, a minor. Z's mother (X's recently deceased LPL4804 Oct/Nov 2022 [TURN OVER] 8 wife) bequeathed R1m to Z in her will. The Master of the High Court has agreed that Z's R1m inheritance may be paid to X, provided that X registers a R1m mortgage bond over his immovable property in favour of the Master of the High Court. This bond will ensure that, in the future, when Z reaches majority, X will pay over Z's inheritance to him. List and explain the types of mortgage bond/s that will be registered.

Answer rating: 100% (QA)

Based on the information provided there are two types of mortgage bonds that could be registered in ... View the full answer