Which Document Is Used to Transfer Ownership of Property from One

question 97

Multiple Choice

Which document is used to transfer ownership of property from one party to another?

• A) Title
• B) Escrow account
• C) Settlement statement
• D) Appraisal
• E) Deed

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Definitions:

Statement of Activities

A financial report primarily used by non-profit organizations, detailing revenues earned and expenses incurred over a specific period.

Operating Grants

Funds provided by governments or other entities to support the operating expenses of a non-profit or other organizations, typically not requiring repayment.

Capital Contributions

Capital contributions are the funds or assets that owners or shareholders provide to a company or partnership to increase its capital base.

Primary Government

The central authority within a governmental structure, responsible for overarching governance and policy-making.