Raven Owns Blackacre

question 18

Multiple Choice

Raven owns Blackacre.On October 10, she deeds the property to Alexis.Alexis records her deed on November 1.Raven also deeds Blackacre to Bill on October 20 and he records his deed on November 5.Assume that Bill is a bona fide purchaser.In a state that has a Race Statute whose deed will prevail?

• A)Alexis' deed.
• B)Bill's deed
• C)Raven's deed.
• D)No one's deed will prevail, since deeding property twice violates public policy.

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Definitions:

Limited Liability

A legal structure for businesses that protects its owners' personal assets from the company's debts and liabilities.

Corporation

A legal entity that is separate and distinct from its owners, allowing it to own assets, incur liabilities, and conduct business in its name.

General Partnership

A type of business partnership where all partners share management responsibilities and are equally liable for business debts and obligations.

Pooled Talents

The combining of skills, knowledge, and abilities from multiple individuals or teams to achieve a common goal.