Question: Question 4 2 pts LInda obtained a $ 1 7 5 , 0 0 0 mortgage from Small Town Bank when she purchased her house.

Question

4

2

pts

LInda obtained a $

175, 000

mortgage from Small Town Bank when she purchased her house. About a month later she received a letter from Big Investment Company informing her it had purchased her mortgage from Small Town Bank.

This illustrates a delegation and appears to be legal.

This illustrates an assignment and appears to be legal.

This illusrates both an assignment and a delegation and appears to be legal.

Whether it is an assignment or delegation of the contract, it is not legal to do this unless the original obligor

(

Linda

)

has agreed to this in writing.

Question 4 2 pts LInda obtained a $175,000 mortgage from Small

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