Which Statements Accurately Reflect Characteristics of the Registry System

question 13

Multiple Choice

Which statements accurately reflect characteristics of the Registry System

• A) a title search of 40 years is required to determine what claims exist against the property.
• B) the certificate of title is proof of title.
• C) the land titles office guarantees the validity of all documents affecting the title.
• D) Is in effect in regions of the country that were settled at a later date.
• E) Only applies to the surface title and not the sub-surface title.

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Definitions:

Economies of Scale

The cost advantage that arises with increased output of a product, as fixed costs are spread over more units.

Horizontal

A term describing alignment or arrangement on a single plane or level, often used to denote businesses operating at the same stage of the production process.

Anti-Trust Legislation

Laws aimed at promoting competition by regulating and preventing anti-competitive business practices.

Justice Department

A part of the U.S. federal government responsible for the enforcement of the law and administration of justice.