An owner purchases real property for $100,000.00 and obtains a loan for $80,000.00 from a lender. An owner’s title insurance policy could be purchased for the following amount:
A. $100,000.00
B. $80,000.00
C. $100,000.00 or $80,000.00
D. None of the above
Answer: A
Legal Studies & Paralegal
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