When Does Title to Property Pass

question 33

Multiple Choice

When does title to property pass?

• A) When the parties intend.
• B) When a contract is made.
• C) When physical possession is obtained.
• D) Twenty-four hours after possession is obtained.
• E) Three days after a contract is signed.

Learn the process of operational planning and its necessity for implementing a strategic plan.

Distinguish between different levels of strategies and their ordering.

Know the importance of organizational mission, vision, values, and objectives in strategic planning.

Understand the significance of objectives being specific and quantifiable for effective strategic planning.

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Definitions:

Incidental Damages

Damages awarded for losses indirectly, but closely, attributed to a breach to cover any expenses paid out by an innocent party to prevent further loss.

Breach

A violation or infringement of a law, obligation, standard, or contract.

Reasonable Expenses

These are costs deemed necessary and appropriate under certain circumstances, often considered when evaluating expense claims or budgets.

Lien

A claim that one has against the property of another.