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.
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It is responsible for enforcing laws.
Answer:
Because most of them already pay their debts. Only a couple states left haven't did it.
Explanation:
At that time, the southern saw this gesture as the central's government way to assert more control to their states.
When the government pay their debts, they assumed that the central government somehow will increase their taxes as a form of repayment. This make the states who already paid their debt felt that the government use them to pay off the debt of the states who haven't pay.
