The SE 1/4 of the NE 1/4 of a Section

question 3

Multiple Choice

The SE 1/4 of the NE 1/4 of a section would be an area of land equal to

• A) 160 acres.
• B) 80 acres.
• C) 20 acres.
• D) 40 acres.

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Definitions:

Delivery

The act of transferring an item from one party to another, often implying the transfer of ownership or the fulfillment of an obligation.

UCC

The Uniform Commercial Code encompasses a wide-ranging assortment of laws that control the entirety of commercial transactions within the United States.

Real Estate Mortgages

Real Estate Mortgages are legal agreements in which a borrower pledges real property to a lender as security for a loan, with the condition that the conveyance of title becomes void upon payment.

Trust Deeds

Legal documents that signify an agreement where property is held by a trustee as security for a loan until the borrower pays back the loan in full.