Examlex
An irrational fear of some object or specific situation is called
Voidable Title
A legal status of property ownership that can be declared invalid by one of the parties involved, due to factors such as fraud or coercion at the time of acquisition.
Good Faith Purchaser
An individual who buys something without knowledge of a prior claim or lien against the property, therefore acquiring clean title.
Risk Of Loss
The potential for an asset to be lost, damaged, or diminished in value, and the question of who bears this risk under the terms of a contract.
Agreement Of Parties
This refers to the mutual understanding and consent between parties involved in a contract regarding the terms and conditions stated.
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