Suki Was Recently Involved in a Successful Application of the Insurance

question 69

Multiple Choice

Suki was recently involved in a successful application of the insurance principle under the land titles system. That most likely means that

• A) she acquired title to a new piece of land.
• B) she received a benefit under an insurance policy that she purchased from a private company.
• C) the system made sure that she retained title to her land.
• D) the doctrine of indefeasibility has deprived her of an interest in land.
• E) by checking the records carefully, she satisfied herself that she was at the end of a good chain of title.

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Definitions:

Insider Trading

The unauthorized use of secret information for making profitable trades on the stock market to benefit oneself.

Exemption From Registration

A situation where a party is relieved from the requirement to register information or activities with a governmental or regulatory authority.

Components Assembly Corporation

A business specializing in the process of assembling parts to create finished products, often in the manufacturing sector.

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.