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Simple English definitions for legal terms

Marketable Title

Read a random definition: demesne land

A quick definition of Marketable Title:

Marketable Title: A title to a piece of land that is free from any doubts or legal issues. When someone sells land to another person, they promise to give them a marketable title. This means that the buyer can own the land without worrying about any problems or debts that might come up later. If there are any issues with the land, like unpaid mortgages or zoning violations, the title is not marketable.

A more thorough explanation:

Marketable title refers to a title that is free from any doubts or threats of legal action. When a seller sells land to a buyer, they promise to provide a marketable title to the buyer at the closing date. A title to a piece of land is considered unmarketable if there are any encumbrances on the land, such as mortgages, unless the buyer agrees to them. The title is also unmarketable if the land was obtained through adverse possession or if the land violates any zoning laws.

  • John wants to sell his house to Mary. Before the sale, John must ensure that the title to the house is marketable, meaning there are no liens or other legal issues that could prevent Mary from owning the property.
  • Tom buys a piece of land from Sarah. Sarah promises to provide a marketable title to Tom at the closing date. However, it is later discovered that the land violates zoning laws, making the title unmarketable.

The examples illustrate that a marketable title is essential when buying or selling property. It ensures that the buyer receives clear ownership of the property without any legal issues or disputes. If the title is unmarketable, it can cause problems for both the buyer and the seller, leading to legal disputes and financial losses.

Market Value | Marriage

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Coolperson49494
18:08
id do it although LA biglaw seems more appealing overall tbh
OvertReconditeSpider
18:20
If that person doesnt have 10k however, could be outta luck
yeah i think it comes down to literally not having 10k to blow
OvertReconditeSpider
18:20
Oof
OvertReconditeSpider
18:20
Skill issue
OvertReconditeSpider
18:21
Jk even if i had it. I wouldnt spend 10k just to get out of a lease to switch schools
MightyUnableSphinx
18:29
@menherachan: You should say that to GULC
MightyUnableSphinx
18:30
I mean fuck it right. Like, maybe they can help somehow. Probably they can't but if the alternative is "i dont go to gulc" who cares
MightyUnableSphinx
18:30
Idk I doubt they can give you 10k cash, lmao, but who knows!
Others will disagree, but max out a credit card if you have to do so.
It's 10K. Not 100K.
OvertReconditeSpider
19:29
10K at 21.51% interest. Lol
19:47
Yeah I would definitely disagree. Without family help when could they realistically pay that off?
20:18
If someone can live below the student budget at GULC loans could cover an extra $10K, but Grad PLUS loans still amount to $2 in repayment for every $1 borrowed on a 10-year plan at current interest rates. Not a choice to make lightly.
OvertReconditeSpider
20:19
^
OvertReconditeSpider
20:19
The rates on the stafford loans are garbage too
manifestmoreadmissions
21:59
yeah its not the worst decision and im sure you could find solutions to any problems it might create but idk if it's like a no-brainer
MightyUnableSphinx
0:11
Apply for new credit card w/ 12 month 0% APR intro offer -> Max out card to 10k to get out of lease -> Go to GULC
MightyUnableSphinx
0:11
You now have 12mths to pay back 10k with no interest
MightyUnableSphinx
0:14
If you have decent credit history/credit score i bet the starting balance will be like 15-25k
MightyUnableSphinx
0:14
im actually cooking right now wtf this advice is so good. do not blow up your plan in life because of a fkn lease agreement
1:39
Excuse me everyone. Sorry. I'm planning to take lsat but I see so many different types of textbooks and categories on the market, which books should I start with for a rookie like me? Thanks a lot!
loophole
for LR
1:42
Sincere thanks, with my respect :)
power score bible for logic games
@Coolperson49494: yeah but i physically cant get 10k in less than a month :(
it would take me like 6 months to get 10k
i agree that gulc is worth it for me, but i just do not have the means of upending all my plans and moving to dc
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