Choose the One Most Appropriate Answer for Each

question 9

Multiple Choice

Choose the one most appropriate answer for each.
-a system for listing recorded documents affecting a particular tract of land

• A)abstract of title
• B)abstracter
• C)actual notice
• D)certificates of title
• E)constructive notice
• F)inquiry notice
• G)judgment rolls
• H)lender's policy
• I)lis pendens index
• J)notary public
• K)opinion of title
• L)owner's policy
• M)quiet title suit
• N)reissue rates
• O)title cloud
• P)title plant
• Q)title report
• R)tract index
• S)vested
• T)witness

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Definitions:

Security Agreement

A legal document that grants a creditor a security interest in an asset or property as collateral for a loan, typically detailed in personal property.

Perfect

In legal and financial contexts, to make a claim or interest valid and enforceable against third parties.

Creditor

is a person, bank, or entity that lends money or extends credit to another party, thus holding a claim against the borrower for the return of the asset or its value.

Electronic Filing

The submission of documents to a court or government agency via electronic means, such as the internet, rather than traditional paper forms.