A Grantor Index Enables an Examiner to Build a Chain

question 13

True/False

A grantor index enables an examiner to build a chain of title from the present to the past.

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, thereby having a financial stake in the company's performance.

Respondeat Superior

A law principle stating that an employer or a principal is legally liable for the improper actions of an employee or agent, provided those actions took place during the course of their employment or agency.

Tort

A civil wrong or injury, other than a breach of contract, for which the law provides a remedy in the form of damages to the injured party.

MBCA

Model Business Corporation Act, a set of model laws to standardize legislation governing corporations in the U.S.