Kathleen borrowed money from Nicole and gave a piece of land as security by way of mortgage. It was expressly agreed between the parties in the mortgage contract that upon non-payment of the debt on time by Kathleen, the mortgaged land would already belong to Nicole. If Kathleen defaulted in paying, would Nicole now become the owner of the mortgaged land? Why?

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A: Below is the solution:-

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A: ANSWER IS AS BELOW:

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A: The property of the negotiable instrument is transferred to another person by:"

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A: Belo0w is the solution:

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