County Title Company Processes Information Furnished by Others to Transfer

question 40

Multiple Choice

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 James to Kate,the furnished information is mistaken.
-Refer to Fact Pattern 14-3. The contract between James and Kate that includes the mistake may be rescinded

• A)if the mistake involves a material fact.
• B)if the mistake involves any fact.
• C)if the mistake is one of value or quality.
• D)under no circumstances.

---

Definitions:

Social Justice

The concept of fair and equitable rights and opportunities within society, aiming to address systemic inequalities.

Profit Maximization

The process or strategy focused on increasing the net profit of a business by either reducing costs, increasing revenue, or both.

Enlightened Corporate Self-Interest

A business philosophy suggesting that companies can achieve better long-term performance by acting in a socially responsible manner.

Goodwill

The expected continuance of public patronage of a business.