Figure 1.2 Using the Figure Above, Identify the Labeled Part

question 156

Short Answer

Figure 1.2

Using the figure above, identify the labeled part.
-Label I: ______________________________

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Definitions:

Notice-Race State

A jurisdiction where the first party to record a deed or interest in property with the public office has priority over others, regardless of actual notice.

Unrecorded Deed

A deed that has been executed and delivered but has not been filed with the appropriate county recorder’s office, thus not part of the public record.

Subsequent Purchaser

An individual or entity that acquires ownership of property or goods after they have been initially sold by the original owner.

Notary Public

An authorized official who can attest to the authenticity of signatures on documents, among other duties, to help prevent fraud.