Which of the following is meant by Bruce's statement that Kathy has marketable title?
A) That all taxes have been paid.
B) That she has legal title and that there are no liens or restrictions on the property of which she is unaware.
C) That Kathy has the legal title, not Bruce, and that she, therefore, has responsibility for all repairs.
D) All of these.
E) That all taxes have been paid and that there are no liens or restrictions on the property, but not that Kathy has legal title.

Question

Quizplus · Accepted Answer

While the buyer's deposit is in escrow, a title company or representative of the buyer or seller will search the county records to make sure the seller in fact has legal title to the property, there are no liens on it, and there are no restrictions of which the buyer is not aware. A title free of such defects is called a marketable title.

Which of the Following Is Meant by Bruce's Statement That