In Order for a Deed to Be Effective Between the Purchaser

question 53

Multiple Choice

In order for a deed to be effective between the purchaser and the seller of real estate,the deed must:

• A) be in writing and signed by both parties.
• B) include the actual sale price.
• C) be recorded pursuant to the state statute.
• D) be delivered to the buyer by the seller with the intent to transfer title.

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Definitions:

Inventory

The total amount of goods or materials held by a business, intended for sale or production purposes, requiring efficient management to optimize supply chain operations.

Promotion

Marketing activities aimed at increasing awareness, interest, and sales of a product or service, often involving advertising, sales, and public relations strategies.

Distribution

The process involved in moving a product from the manufacturer or supplier to the consumer, including transportation, warehousing, and retailing.

Technological Forces

Technological forces are the factors related to technological advancements and innovations that affect the operations, competitiveness, and survival of businesses and industries within the economic environment.