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What is an example of a title defect?

Examples of title defects include: Liens on the property for unpaid child or spousal support, repair work, or other debt. Unresolved boundary or property survey disputes. Undisclosed owners, missing heirs, or conflicting wills.

What are buyer duties under the UCC?

Under the UCC, the primary obligation of a buyer of goods is to pay for the goods. The general rule is that the buyer must accept and pay for the goods when the seller has deliveredor, to use more technical language, tendered delivery ofthe goods.

Which of the following are common problems in title examinations?

10 Common Title Problems Errors in public records. To err is human, but when it affects your homeownership rights, those mistakes can be devastating. Unknown liens. Illegal deeds. Missing heirs. Forgeries. Undiscovered encumbrances. Unknown easements. Boundary/survey disputes.

What are examples of title defects?

Here are some reasons why a homeowner might get stuck with a defective property title: Break in the chain of title. Encumbrances. Conditional ownership. Multiple buyers. Rediscovered Will. False impersonation or forgery. Survey disputes.

What is the obligation of the buyer to the seller?

The buyers main duties are simple: payment of the purchase price and acceptance of delivery. Contemporary legal systems are no longer concerned with enforcing a just price.

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