What Is a Quiet Title Action

question 46

Multiple Choice

What is a quiet title action?

• A) a lawsuit to determine the rightful owner of a disputed property
• B) a lawsuit to enforce the right to survivorship to the holder of the title deed
• C) a lawsuit asking for the release of the details of a separate property from a couple
• D) a lawsuit to obtain reimbursement for losses caused by undiscovered defects in title

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Definitions:

Compounded Annually

Interest calculation method where interest is added to the principal sum at the end of each year, and the subsequent interest calculation includes the previously accumulated interest.

Simple Interest

Interest calculated on the principal portion of a loan or deposit, without compounding.

Interest

Payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate.

Housing Prices

The amount of money required to purchase residential properties, which fluctuates based on location, demand, and other factors.