When Does Title to Property Pass from One Party to Another

question 86

Multiple Choice

When does title to property pass from one party to another?

• A) When the parties intend for title to pass from one party to another.
• B) When a contract is executed between the parties.
• C) When physical possession of the property is obtained by the donee.
• D) Twenty-four hours after possession of the property is obtained by the donee.
• E) Three days after a contract is signed and executed by both parties.

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Definitions:

Defendant

A party against whom a lawsuit is brought.

Contract Law

A domain of law that governs the creation, execution, and enforcement of agreements between parties.

Corporate Law

Law that governs the formation, financing, merger and acquisition, and termination of corporations, as well as the rights and duties of those who own and run the corporation.

Public Prosecutor

An attorney whose official duty is to conduct criminal proceedings on behalf of the government or the public interest.