Marketable Title Means That the Title Is Free from Which

question 54

Multiple Choice

Marketable title means that the title is free from which of the following?

• A) Encumbrances
• B) Defects in the chain of title appearing in the land records
• C) Events depriving the seller of title
• D) All of these.

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Definitions:

Market Value

The existing market rate at which you can purchase or sell an asset or service.

Book Value

The value of an asset as shown on a company's balance sheet, calculated as the cost of the asset minus any depreciation and amortization.

Capital Balance

The amount of funds contributed by owners or shareholders to a business, plus retained earnings and reduced by any withdrawals or distributions.

Asset Revaluation

The process of adjusting the book value of an asset to reflect its current market value.