Choose the One Most Appropriate Answer for Each

question 36

Multiple Choice

Choose the one most appropriate answer for each.
-claims to property rights the law presumes a reasonably diligent person would find through further investigation

• 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:

Return on Investment

A measure used to evaluate the efficiency of an investment, calculated by dividing the profit gained on an investment by the cost of the investment.

Indirect Expense

Costs incurred that are not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.

Depreciation Expense

Depreciation expense is the allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear and tear, decay, or obsolescence.

Department Store

A retail establishment offering a wide range of consumer goods in different product categories known as "departments."