An estoppel may prevent a person from denying a fact because of that person's own conduct, admission, or previous position.
An executor is the person named in a will to carry out its directions.
A mortgagee is the borrower who gives a mortgage to the lender.
A grantor is the person who conveys real property.
Correct Answer
C. A mortgagee is the borrower who gives a mortgage to the lender.
AI Explanation
Mortgagee and mortgagor are easy to reverse. In standard usage reflected in the booklet, the mortgagee is the lender or party receiving the mortgage interest, while the mortgagor gives it. Not to be confused with grantor and grantee, which are conveyance terms rather than mortgage-role terms.
See the Correct Answer & AI Explanation
Instant feedback, law citations, and AI-powered explanations for all 500+ NY notary exam questions — free.
🔒 View Correct Answer & AI ExplanationNo credit card required · Interactive quiz simulator