First Principles of Business Law

2.2. Private ownership of land 

2.2.4. The law regulating acquisition of title to Torrens system land

Supposing that Albert wants to find out what the legal requirements are in relation to the acquisition of title to Torrens system land, which of the following statements best reflects the relevant sources of law?

(a) The acquisition of title to Torrens system land is wholly regulated by federal legislation.

(b) The acquisition of title to Torrens system land is regulated in part by the common law and in part by state legislation.

(c) The acquisition of title to Torrens system land is wholly regulated by the common law.