After buying a home and receiving a standard policy of title insurance, you deter- mine that the "tenant" claims to be an owner under an unrecorded grant deed. Which statement is TRUE?
A. You are protected by your insurance.
B. If you record first, you will be protected.
C. You are not insured for this loss.
D. An abstract would have given you greater protection.
Answer: C. You are not insured for this loss.
Business
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The first step in writing a report is to ________
A) choose the best medium B) identify the question you are answering C) write the executive summary for the report D) develop a glossary for your report E) provide general background information about your topic
Business
Characteristics of a fortuitous loss include which of the following? I. The loss is certain to occur. II. The loss occurs as a result of chance
A) I only B) II only C) both I and II D) neither I nor II
Business