Fact Pattern 15-3​ County Title Company Processes Information Furnished by Others to Transfer

question 41

Multiple Choice

Fact Pattern 15-3​
County Title Company processes information furnished by others to transfer title to real estate from a seller to a buyer. In performing this task for a sale of land from Doyle to Ezra, the furnished information is mistaken.
-Refer to Fact Pattern 15-3. The contract between Doyle and Ezra that includes the mistake may be rescinded if the mistake involves

• A) ​a material fact.
• B) ​any fact.
• C) ​value or quality.
• D) ​any of the choices.

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Definitions:

Stronger Correlation

Indicates a more pronounced relationship between two variables, often implied by a correlation coefficient closer to -1 or 1.

Least Squares Regression

A statistical method that minimizes the sum of the squares of the differences between observed and predicted values, used for fitting a linear model to data.

Slope

The measure of steepness or the degree of inclination of a line, representing the ratio of the vertical and horizontal changes between two points on the line.

Y-Intercept

The point at which a line or curve intersects the y-axis of a graph, representing the value of the dependent variable when the independent variable is zero.