Answer:
Title: Joseph purchases a vehicle and retains the document until he sells the vehicle.
Will: Debby has signed a personal document and has left it with her attorney. In the document, she lists her wishes for her estate on her death.
Mortgage agreement: Bob borrows money from a bank to buy a property and retains the document until he has paid off the loan completely.
Passport: Libby shows this document to prove her identity while she travels abroad.
Explanation:
The documents were matched to each situation according to their meanings:
-Title is a document that indicates the ownership of an asset.
-Will is a document in which a person indicates how his/her properties should be distributed after his/her death.
-Mortgage agreement is a contract someone has with a financial institution in which the property is a guarantee for the payment of the loan and the lender can take the property if the loan is not paid.
-Passport is a document issued by the government that proves the identity of a person and it is used when traveling abroad.
