Wyn bought real estate from Duke and gave Duke a purchase money mortgage. Duke forgot to record the
Wyn bought real estate from Duke and gave Duke a purchase money mortgage. Duke forgot to record the mortgage. Two months later, Wyn gave a mortgage on the same property to Goode to secure a property improvement loan. Goode recorded this mortgage nine days later. Goode knew about the Duke mortgage. If these events took place in a notice race statute jurisdiction, which mortgage would have priority?Question 15 options:Duke’s, because Goode knew of the Duke mortgage.Goode’s, because it was recorded within ten days.Duke’s, because it was the first mortgage given.Goode’s, because it was the first mortgage recorded.
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