Which of the Following Statements Provides the Best Definition for "The

question 65

Multiple Choice

Which of the following statements provides the best definition for "the insurance principle," as that phrase was used in the text?

• A) A lawyer should be hired to help in the purchase of land, partly because the lawyer will have insurance and therefore can be successfully sued if something goes wrong.
• B) because of the concept of indefeasibility, the land titles system includes a fund that will compensate people who lose their interests in land by mistake
• C) because of the difficulties associated with title searches in registry systems, it is often prudent for the parties to a sale of land to purchase insurance that will provide a source of compensation if the chain of title is not properly established
• D) The purchaser can sue the vendor for compensation if the vendor fails to provide clear title to land.
• E) A purchaser of land should purchase property insurance that takes effect as soon as title is transferred from the vendor.

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Definitions:

Expert Testimony

Evidence given in a court by a qualified professional about subjects needing specialized knowledge or expertise.

Circumstantial Evidence

Evidence that implies a fact or event without proving it directly, relying on inference to connect it to a conclusion of fact.

Permanent Liver Damage

Long-term harm to the liver that affects its function, potentially resulting from conditions like hepatitis, alcohol abuse, or drug toxicity.

Comparative Negligence

A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, proportionate to their degree of fault in causing the harm.