Distinguish between a lien theory jurisdiction and a title theory jurisdiction
What will be an ideal response?
In a title theory jurisdiction, also called an escrow jurisdiction, the lender or third party holds equitable title to the real estate in the name of the borrower under the terms of a Deed of Trust. The borrower is the owner but the Deed of Trust represents a claim against that ownership. In a lien theory state, the borrower holds title to the property and the lender places a lien on the property through the use of the mortgage document.
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Laws passed by Congress is commonly referred to as statutory law rather than by common law.
Answer the following statement true (T) or false (F)
Which word-processing feature automatically creates hierarchical listing of data/paragraphs?
a. Automatic paragraph numbering b. Automatic data listing c. Styles d. Indenting e. None of these answers are correct.
?As a general rule:
A. ?an auction is not an offer B. ?an auction is a promise with a condition C. ?an auction is with reserve D. ?an auction is without reserve
If a client were to ask you a hypothetical question during an interview, such as "What would happen, in a lawsuit such as mine, if the plaintiff was not watching the road when the accident occurred?", you should?
A. ?answer the question, if you know the answer. B. tell him or her you don't know the answer, if you don't know the answer.? C. tell him or her you cannot give legal advice but will relay the question to your supervising attorney.? D. None of these choices is correct.?