When There Is Conflict Between a Legal Interest in Land

question 11

Multiple Choice

When there is conflict between a legal interest in land and an equitable interest in land:

• A)both will be defeated by a will or right to adverse possession.
• B)the equitable interest will usually defeat the legal interest.
• C)the legal interest will usually defeat the equitable interest.
• D)the equitable interest will defeat the legal interest if it was created before the legal interest.

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Definitions:

Reducing Expenses

The act of cutting back on costs or spending in order to improve financial health.

Market Segments

Subsets of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities of those products such as prices or function.

Product Prices

The amount of money required to purchase a good or service, often influenced by factors such as production costs, competition, and demand.

Narrow Range

A situation where variations or differences within data points, options, or outcomes are minimal or significantly limited.