A standard policy of title insurance covers all of the following EXCEPT "unrecorded liens".
<u>Answer:</u> Option A
<u>Explanation:</u>
Title insurance covers all property owners and borrowers against damage or loss arising from liens, liabilities or deficiencies in a property's title or property's possession.
In general, a standard title insurance policy would cover the applicant against damages resulting from title errors such as:
- Forged documents such as deeds, dower releases, mortgages;
- Undisclosed heirs;
- Capacity deficient (minors);
- Wrong legal understanding of wills;
- Incomplete records, unwanted acknowledgments;
- Misunderstanding arising from name similarities;
- Wrong marital status and intellectual incompetence.
Answer:
<u>Perception </u> is a three phase process of selecting, organizing and interpreting information, objects, people, events or situations.
Explanation:
Perception involves three steps.
1. Selecting
In the first stage we select that stimuli which attracts us the most by ignoring the others about making perception about any event or object.
2. Organizing
In the second stage we organize the information about our selection.
3. Interpretation
In the third step we interpret that information in a meaningful way that makes sense to us.