Kiri Bought a Piece of Land from Saul

question 35

Multiple Choice

Kiri bought a piece of land from Saul.Before doing so, she followed her lawyer's advice and traced a chain of title back 10 years.Which of the following statements is most likely to be TRUE?

• A)The land is located somewhere in western Canada.
• B)The land is held under a land titles system.
• C)In the circumstances, there was no need for Kiri to have purchased title insurance.
• D)The land is located in a deeds registration jurisdiction.
• E)The land is subject to a life estate.

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Definitions:

Average Cost

A method of inventory costing, or determining an investment's cost, by taking the total cost of items and dividing it by the total number of items.

Capital

Refers to the financial resources that businesses use to fund their operations and growth.

Firm Value

The total worth of a company, determined by factors like its assets, earnings, and market perception.

Financial Leverage

Employing borrowed capital to enhance the potential profit from an investment, which magnifies both possible rewards and risks.