A Document by Which Title to Real Property Is Transferred

question 72

Multiple Choice

A document by which title to real property is transferred from one party to another is called a

• A) purchase agreement.
• B) mortgage.
• C) lease.
• D) deed.

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Definitions:

Investment

The purchase or construction of any new plant, equipment, or residential housing, or the accumulation of inventory; represented by I.

National Income

The total income earned by a country's population, including wages, profits, and rent, and the sum of all incomes earned by individuals and businesses.

Corporate Profits

The earnings generated by companies after covering their operational costs, taxes, and expenditures.

Proprietors' Income

The income earned by owners of unincorporated businesses, reflecting their production and sales efforts.