Asked by Carrie Steel on May 13, 2024
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There are three kinds of title: conditional title,unconditional title,and implied title.
Conditional Title
A legal status indicating that ownership of a property or asset will transfer from one party to another only after specific conditions have been met.
Unconditional Title
A legal term indicating absolute ownership of property or assets without any encumbrances or conditions.
Implied Title
A legal concept indicating that ownership is suggested or inferred through actions or circumstances rather than explicitly conveyed via a formal document.
- Categorize various sales forms and acquire an understanding of title concepts as defined in the Uniform Commercial Code.
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Learning Objectives
- Categorize various sales forms and acquire an understanding of title concepts as defined in the Uniform Commercial Code.
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