A)$5,000 B)$10,000

question 14

Multiple Choice

• A)$5,000
• B)$10,000
• C)$100
• D)$200

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Definitions:

Valid Title

A legal term indicating that a title to a piece of property is legally effective, with the holder having rightful ownership and no claims or outstanding liens against the property.

Clarify

To make a statement or situation less confused and more comprehensible.

Obligations

Duties or commitments imposed by law, contract, or a sense of moral responsibility.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize laws across the states.