A Deed Becomes Effective When

question 41

Multiple Choice

A deed becomes effective when:

• A)it is recorded in the public records.
• B)the signatures are acknowledged.
• C)it is delivered to the grantee.
• D)it is prepared and signed by the grantor.

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Definitions:

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on world economy, politics, and culture.

Deadweight Loss

The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Tariff

A levy placed on goods and services brought into a country to raise their cost and enhance the competitiveness of homegrown products.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of economies worldwide.