Choose the Word or Phrase in [ ] Which Will

question 106

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-With a life annuity,period certain,a payment will be made for a stated period of time [only to the annuitant if she lives | to someone else if the annuitant dies].

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Definitions:

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.

Grantor's Signature

The signature of the individual or entity that grants or conveys rights, typically found in legal documents like deeds and trusts, signifying agreement and compliance.