Millie Executed a Deed and Put It Under Her Mattress

question 20

Multiple Choice

Millie executed a deed and put it under her mattress along with a note directing that the deed is to be delivered to her cousin Don,upon her death.What will be the result of such an act?

• A)The deed effectively passes title to Don upon Millie's death.
• B)The deed is not effective to pass title after Millie's death as it is not delivered.
• C)The deed is not effective to pass title because Millie did not record it.
• D)The deed becomes effective and passes title to Don the day he gets it.

---

Definitions:

Unanticipated Inflation

Inflation that occurs when people do not expect it, often leading to disruptions in economic planning and contracts.

Debtor

An individual or organization that owes money to another entity.

Consumer Price Index

A standard that determines the general average pricing of a group of consumer commodities and services, like transportation, food, and medical care.

Price Stability

A situation in which prices in an economy do not change significantly over time, avoiding periods of inflation or deflation.