Which of the Following Statements Is TRUE

question 45

Multiple Choice

Which of the following statements is TRUE?

• A)A registry system is sometimes called a Torrens system.
• B)Every province in Canada uses both a land titles system and a registry system.
• C)The rules that govern a land titles system were developed by judges, rather than legislators.
• D)The three principles of a land titles system are the mirror principle, the curtain principle, and the indefeasibility principle.
• E)An unregistered short-term lease may be enforceable under either a registry system or a land titles system.

---

Definitions:

Voidable

Describes a contract that may appear valid but can be legally declared void at the option of one of the parties due to certain defects.

Reasonable Manner

Acting with fairness, care, and prudence in a given set of circumstances, as would be expected from a similarly situated person.

Bank Accounts

Financial accounts maintained by individuals or businesses with a financial institution for the management of money, including savings and checking accounts.

Student Loans

Financial loans provided to students to help pay for educational expenses, typically to be repaid after completion of studies.