Which of the following would be the best and most complete definition of the term "encumbrance":

A: The degree, quantity, nature, and extent of interest which a person has in real property;
B: The use of property by a debtor to offer a creditor security for a debt;
C: Any action taken relative to property, other than acquiring or transferring title;
D: Anything which affects or limits the fee simple title to property.

Answer: D: Anything which affects or limits the fee simple title to property.

Business

You might also like to view...

Target pricing starts with the full product cost, and it then adds the desired profit to arrive at the sales price

Indicate whether the statement is true or false

Business

Data that provide labels or names for categories of like items are known as

a. categorical data. b. quantitative data. c. label data. d. category data.

Business