A standard policy of title insurance protects the insured against:
A: Defects known by the insured to exist at the date of the policy that are undisclosed to the insurance company;
B: Lack of capacity of a party to any transaction involving title to the land;
C: The power of eminent domain;
D: Unrecorded easements.
Answer: B: Lack of capacity of a party to any transaction involving title to the land;
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Effects Manufacturing produces a pesticide chemical and uses process costing
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