Which of the Following Would Not Be Constructive Notice

question 12

Multiple Choice

Which of the following would not be constructive notice?

• A) Unrecorded mortgage that is attached as an exhibit to the sale contract
• B) Matter shown on a survey of the property
• C) Recorded easement
• D) Recorded federal tax lien
• E) None of the above

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Definitions:

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, typically noted on the income statement as a non-operating expense.

Depreciation

A method used in accounting to divide the expenditure of a tangible asset over the time it is useful.

Taxes Paid

The total amount of taxes remitted to the government by an individual or organization, including income, sales, and property taxes.

Cash Flow to Stockholders

The amount of cash a company pays out to its shareholders, including dividends and net share buybacks.