In the event of bankruptcy and liquidation by a firm, all preferred shareholders receive any claims before common shareholders but after both secured and unsecured creditors

All of the following are examples of insurable title defects except:

a. forged documents b. undisclosed heirs c. mental incompetence d. unrecorded easements

Misrepresentation of law is a fraud that occurs when a person makes a statement of fact that he or she honestly and reasonably believes to be true even though it is not

Indicate whether the statement is true or false