The Seller's Warranty That He Has Marketable Title to the Land

question 62

Multiple Choice

The seller's warranty that he has marketable title to the land would be breached if the buyer discovers:

• A) a lien on the land.
• B) a defect in the chain of title.
• C) a lease of the premises.
• D) All of these.

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Definitions:

Monopoly

An economic setup where there is only one provider offering a distinctive item for sale.

Joint Profits

Profits that are shared among two or more businesses, typically resulting from a partnership or joint venture.

Duopolists

Two firms that dominate a market or industry, competing directly with each other.

Collude

To secretly agree with others, typically competitors, to cooperate for an illegal or deceitful purpose, such as fixing prices.