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Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept.
Title insurance is a form of indemnity insurance, ... It also covers losses and damages suffered if the title is unmarketable. [9]
[1] Clouded title can thus be contrasted with a clear title, which indicates that a property is unencumbered. A cloud on title may reduce the value and marketability of property because any prospective buyer aware of the cloud will know that they are buying the risk the grantor may not be able to convey good title.
The merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted. 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.' "[1 ...
Paramount title is not always the best (or highest) title, since it is necessarily based on some other person's title. [ 3 ] [ 4 ] A quiet title action is a lawsuit to resolve with any cloud on title , such as competing claims or rights to real property, for example, missing heirs , tenants , reverters , remainders and lien holders all ...
Prior to the billboard, Exit International had developed a pro-voluntary euthanasia television advertisement that was due to screen in 2010. The advertisement was prompted by a The Gruen Transfer segment, where two advertising agencies had been requested to create a pro-euthanasia advertisement to "market the unmarketable". Although the winning ...
A retention of title clause (also called a reservation of title clause or a Romalpa clause in some jurisdictions) is a provision in a contract for the sale of goods that the title to the goods remains vested in the seller until the buyer fulfils certain obligations (usually payment of the purchase price).
Gleaning is the traditional Biblical practice of gathering crops that would otherwise be left in the fields to rot or be plowed under after harvest. Because the food is unmarketable, usually due to cosmetic reasons, some growers allow crews of gleaners to pick what is left after harvest to donate to those who are needy.