Provides the best definition of an equitable mortgage


Problem: Which of the following provides the best definition of an equitable mortgage? It is the name given to a mortgage of the equity of redemption. (2) It arises where an agreement to grant a mortgage in the future exists. It is created where title deeds are given as security for a loan. (1), (2) and (3), taken together, provides the best definition of an equitable mortgage.

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