Under the Torrens system,

A) title passes when the grantee's application for registration has been approved and the real estate has been registered.
B) the Torrens official performs exactly the same functions as the recorder of deeds.
C) the original deed is mailed to the buyer after it has been registered.
D) the registration of a title can be canceled by the owner at any time.

Answer: A) title passes when the grantee's application for registration has been approved and the real estate has been registered.

Business

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A valid will devises a decedent's real estate after payment of all debts, claims, inheritance taxes, and expenses through the

A) administrator of the estate. B) law of testate succession. C) granting clause established in the will. D) court action known as probate.

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Sales forecasts, expense forecasts, and break-even analysis are usually found in the section on financial projections in the marketing plan

Indicate whether the statement is true or false

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