Sylvano requested a copy of Certificate of Title No.12312 from the land titles office.He intends to purchase the land for development if it is unencumbered by registrations affecting its use.This particular land titles office maintains an insurance fund to compensate for loss due to their error.What significance does that fact have with respect to the copy of title Sylvano will receive in exchange for payment of the prescribed fee?
A) Title defects can be fixed to give first priority.
B) It is justification of the valuation of the land.
C) It provides verified ownership by searching chain of title.
D) It is authoritative proof of the status of title.
Correct Answer:
Verified
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