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First Principles of Business Law |
| Property law |
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2.2. Private ownership of land |
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2.2.2. Registration of encumbrances on land |
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Albert wants to be sure that, if he buys the land that is for sale, it is not subject to security rights, such as mortgages or charges, held by third parties over that land. Consider the following statements and choose the one that is correct.
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(a) Property rights such as mortgages or charges that encumber land cannot be registered, and the only way for a purchaser to learn of such rights is to rely on the seller to disclose them. (b) Property rights such as mortgages or charges that encumber land can be registered, and a purchaser can learn of such rights by checking the register. |
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