Generally, Before a Deed Is Allowed Under Law to Be

question 15

Multiple Choice

Generally, before a deed is allowed under law to be recorded:

• A)in many states it must be acknowledged by the grantee before a notary public.
• B)the grantee must pay all outstanding income taxes.
• C)the grantee must produce identification.
• D)the grantee must prove that the grantor's signature on the deed is valid.
• E)none of the above.
• )

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Definitions:

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.

Simple Interest

Interest calculated only on the principal amount, or the initial amount of money borrowed or invested, without compounding.

GICs

A financial vehicle in Canada, Guaranteed Investment Certificates offer investors a set return rate over a defined period.

Simple Interest

Interest calculated on the principal or original amount of a loan or investment, without compounding.