Which statement best describes the purpose of a mortgage document?
(a) It places a lien on the property allowing the mortgagee to seize the property if the mortgagor fails to honor all obligations spelled out in the mortgage.
(b) It provides legal proof of the various property rights of the borrower.
(c) It allows the mortgagor to seize the personal assets of all mortgagees who sign the document.
(d) It spells out the interest rate and all other terms of the loan.
Answer: (a) It places a lien on the property allowing the mortgagee to seize the property if the mortgagor fails to honor all obligations spelled out in the mortgage.
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____One way to encourage trainees to respond is to ask them to write out an answer
Indicate whether the statement is true or false
The benefits of leaders delegating authority include all of the following except:
a. employees learn to lead b. employees gain new skills c. the organization will develop leadership talent d. the leader spends time on other things e. the leader ensures that they do not overwork themselves