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The Program for International Student Assessment (PISA) is a widely respected example of:
Voidable Title
A legal term referring to a situation where a transfer of title to property can be invalidated due to certain circumstances, such as fraud or misrepresentation, giving the affected party the right to void the transaction.
CIF
Cost, Insurance, and Freight, a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods.
Voidable Title
A legal status of property ownership that can be declared invalid by one of the parties involved, due to factors such as fraud or coercion at the time of acquisition.
Good Faith Purchaser
An individual who buys something without knowledge of a prior claim or lien against the property, therefore acquiring clean title.
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