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question 81

True/False

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Definitions:

Owner's Interest

The rights and stake a person has in an asset or property, often relating to ownership and equity.

Owner's Knowledge

Information that is known or should have been known by the owner, often relevant in legal contexts regarding liability and due diligence.

Title Insurance

Insurance to protect against loss from disputes over ownership of a property or from defects in the property's title.

Defect

A flaw or imperfection in a product or system that fails to meet a certain standard or expectation, potentially causing harm or failure.