Multiple Choice
[Disgruntled Buyer] Ciaran lived in his home for five years without doing any upkeep of any type. He was aware that the roof leaked, that he had defective piping, and that the air conditioning did not work, among other problems. He sold the home to Luisa. He did not tell her anything about the problems with the house. Shortly after Luisa moved in, there was a thunderstorm resulting in water streaming down from the ceiling. Within a few weeks of her moving in, pipes began to burst resulting in significant water damage. The air conditioner also failed to work when she turned it on for the first time. Luisa demanded that Ciaran refund her purchase price and take back the house. Ciaran sent her a letter providing as follows:
Dear Luisa,
Caveat emptor. You have marketable title.
Regards, Ciaran
Luisa is furious and wants to sue.
-Which of the following is meant by Ciaran's statement that Luisa has marketable title?
A) That all taxes have been paid.
B) That she has legal title and that there are no liens or restrictions on the property of which she is unaware.
C) That Luisa has the legal title, not Ciaran, and that she, therefore, has responsibility for all repair.
D) That all taxes have been paid, that Luisa (not Ciaran) has legal title and has responsibility for all repairs, and that there are no liens or restrictions on the property.
E) That all taxes have been paid and that there are no liens or restrictions on the property, but not that Luisa has legal title.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: A ceiling fan that was purchased at
Q13: "To Geraldo for life" is an example
Q14: Under which of the following circumstances would
Q15: Andre's city has zoning regulations which govern
Q16: Which of the following refers to a
Q18: A _ is an instrument that conveys
Q19: What occurs when the holder of a
Q20: Which of the following statements is false
Q21: Easements or profits _ are not dependent
Q22: What is recording in property and why