Which of the Following Statements Provides the Best Definition or Description

question 53

Multiple Choice

Which of the following statements provides the best definition or description for "the curtain principle"?

• A) There is no need to look behind a certificate of title in order to identify valid interests in land.
• B) A subsequent mortgagee will lose its security if a prior mortgagee forecloses.
• C) The sale of a residential property usually includes anything attached to the house, such as curtain rods and dishwashers.
• D) A purchaser of land should conduct a title search to ensure that there are no hidden interests in the property.
• E) An interest in land may be obtained through adverse possession if the owner does not use a "window of opportunity" to enforce its rights.

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Definitions:

Decision Tree Analysis

A decision-making tool that uses a tree-like model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.

Steps

The individual phases or actions taken in a process or procedure to achieve a particular end result.

Methodology

A system of methods used in a particular area of study or activity, often implying a structured or systematic approach.

Flexible Global Supply Chain

A supply chain designed to swiftly adjust to changes in demand, supply, and market conditions worldwide.