The key difference between a lien theory state and a title theory state is:
(a) In a lien theory state, the property owner holds title but in a title theory state the lender or trustee holds title.
(b) In a title theory state, the property owner always holds title.
(c) Only a lien theory state uses legal documents to convey property rights.
(d) A title theory state will collect more transfer taxes because of the extra steps.
Answer: (a) In a lien theory state, the property owner holds title but in a title theory state the lender or trustee holds title.
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If the owner of the dominant tenement becomes the owner of the servient tenement and merges the two properties,
A) the easement becomes dormant. B) the easement is unaffected. C) the easement is terminated. D) the properties retain their former status.
Which of the following is an advantage to exporting goods to reach international markets rather than entering into some form of FDI?
A) fewer agency costs B) fewer direct advantages from research and development C) a greater risk of losing markets to copycat goods producers D) an inability to exploit R&D as effectively as if also invested abroad