George needed money to buy a car, so he asked his bank for a loan. The bank agreed to lend George the money, but only if George gave the bank a hypothec (mortgage) on his house to guarantee the loan.
George already had a hypothec on his house, one he gave to another bank 10 years ago when he borrowed money to buy the home. George also saw an ad for a great deal on a used car and went ahead and...
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