Marketable Title Means That the Title Is Free from Which

question 54

Multiple Choice

Marketable title means that the title is free from which of the following?

• A) Encumbrances.
• B) Defects in the chain of title not appearing in the land records.
• C) Variances from zoning ordinances.
• D) All of these.

---

Definitions:

Federal Budget Deficit

The shortfall where the federal government's expenditures exceed its revenues in a given fiscal year.

Recessions

Recessions are periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Aggregate Supply Curve

Represents the total quantity of goods and services that producers in an economy are willing and able to supply at a given overall price level in a given time period.

Price Level

Indicates the overall level of prices for goods and services in an economy at a specific point in time, reflecting the economy's cost of living.