Which Statement Is True of Title Insurance

question 30

Multiple Choice

Which statement is true of title insurance?

• A) It is required by law
• B) It insures the owner against defects in title
• C) It reveals all defects in the chain of title
• D) It is only required for commercial property

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Definitions:

Logarithms

The level to which a base, commonly 10 or e, has to be lifted to yield a particular number.

Expand

To expand an algebraic expression means to multiply it out or remove parentheses, simplifying it to a sum or difference of terms.

Properties

Characteristics or attributes that help define mathematical operations or objects, such as commutative, associative, and distributive properties for addition and multiplication.

Logarithms

The inverse operation to exponentiation, indicating the power to which a base must be raised to obtain a particular number.