In a Transfer of Real Property, with Respect to Its

question 48

Multiple Choice

In a transfer of real property, with respect to its title, a defect exists if

• A) the property is identified by metes and bounds instead of a plat map.
• B) an undisclosed third person has an ownership interest in the property.
• C) all of the choices.
• D) the deed does not specify the type of estate being transferred.

---

Definitions:

Debt-To-Equity Ratio

A financial benchmark illustrating the relationship between the use of shareholder equity and debt in funding company assets.

Times Interest Earned

Times interest earned, also known as interest coverage ratio, measures a company's ability to make interest payments on its debt with its earnings before interest and taxes.

Debt-To-Equity Ratio

A metric outlining the balance of shareholder equity and debt in the financial composition for supporting a company's assets.

Equity Multiplier

A financial leverage ratio that indicates the portion of a company's assets that are financed by shareholders' equity.