Which of the Following Would Not Be Constructive Notice

question 3

Multiple Choice

Which of the following would not be constructive notice?

• A) Unrecorded mortgage which is attached as an exhibit to the sale contract
• B) Matter shown on a survey of the property
• C) Recorded easement
• D) Recorded federal tax lien
• E) None of the above

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Definitions:

Price Ceiling

A legally imposed maximum price on goods or services, intended to keep prices affordable for consumers.

Shortage/Surplus

A surplus is the opposite of a shortage, occurring when the supply of a product or service exceeds its demand in a market.

Price Floor

A government- or authority-imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.

Market Equilibrium

A situation in a market where the quantity supplied equals the quantity demanded at a certain price point.