A Title Insurance Policy Does Not Insure Against

question 19

Multiple Choice

A title insurance policy does not insure against:

• A) defects in title.
• B) undisclosed liens.
• C) defects in warranties.
• D) errors in the abstraction of the title.

---

Definitions:

Total Variable Costs

The sum of all costs that vary with the level of production or service delivery, such as materials and labor.

Activity Level

A measure of the amount of work or output produced in a specific period, often used in cost accounting to allocate variable costs.

Qualitative Information

Information that is descriptive and subjective, often relating to opinions, judgments, or non-measurable factors.

Planning Purposes

The use of forecasts, targets, and models to guide strategic decision-making and to set goals for future organizational performance.