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.
Most nations operate in the capitalist system of production and consumption.
Since the end of the feudal system, the world underwent transformations that culminated in economic systems based on barter and mercantilism, which in turn allowed for the existence of industrial revolutions and which were the basis for the capitalist system of production as it is today.
In last century, Capitalism and communism competed for world hegemony until the end of the Cold War, when the bipolarized world gave way to what today times capitalist hegemony in most countries with a few countries in communist systems.
The answer is true or A which ever you prefer
