Which of the Following Is the Implied Default Title Conveyed

question 5

Multiple Choice

Which of the following is the implied default title conveyed in a sale of real estate?

• A) life estate
• B) servient estate
• C) fee simple absolute
• D) fee simple defeasible

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform international sales law.

Consideration

Something of value exchanged between parties in a contract that is necessary for the agreement to be legally binding, such as money, services, or promises.

UCC

Short for Uniform Commercial Code, it is a set of laws that provide legal framework for commercial transactions in the United States.

Consideration

A key element in contract law that involves something of value exchanged between parties as part of an agreement.