PROPERTY LAW B IN QUEENSLAND

CROSSWORD ANSWERS - CHAPTER 3: MORTGAGES: PART 2

Separate answer page. Return to the crossword to continue practising.

#	Direction	Answer	Clue
1	Across	NIXON	Commercial and General Acceptance Ltd v ______.
3	Across	AUCTION	A prescribed sale method commonly used for home mortgage enforcement.
5	Across	DAMAGES	The monetary remedy for breach of the mortgagee’s duty on sale.
6	Across	DEFAULT	The event that commonly triggers enforcement remedies.
8	Across	PROCEEDS	Money received from the mortgagee’s sale.
9	Across	SALE	The mortgagee’s primary enforcement remedy is the power of ______.
11	Across	INJUNCTION	Urgent equitable relief that may stop an improper sale.
12	Across	POSSESSION	A mortgagee may take ______ of mortgaged land.
13	Across	MARKETVALUE	The sale benchmark the mortgagee must take reasonable care to obtain.
1	Down	NOTICE	Before exercising power of sale the mortgagee generally must give statutory ______.
2	Down	CUCKMERE	______ Brick Co v Mutual Finance is the leading sale-duty authority.
4	Down	VALUATION	Evidence commonly obtained to establish market value before sale.
7	Down	FORECLOSURE	The remedy that extinguishes the equity of redemption.
10	Down	RECEIVER	A person appointed to manage property or income for the mortgagee.