A Pending Disbursement Clause Would Most Likely Be Found in

question 12

Multiple Choice

A pending disbursement clause would most likely be found in

• A) construction loan title insurance policy.
• B) loan title insurance policy.
• C) owner's title insurance policy.
• D) none of the above.

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Definitions:

Illegal Substance

A drug or other material that is forbidden by law to possess, use, or distribute.

Agreement

A mutual understanding or arrangement between two or more parties defining each party's rights and obligations.

Courts

The institutions responsible for interpreting and applying the law in legal cases, both civil and criminal.

Unenforceable Agreement

An agreement that, due to legal deficiencies or other issues, cannot be upheld or enforced by a court of law.