3 Cathy sells her house to Sam on 30th March 2011 for $125,000. She then sells thehouse to Ron for the same amount on 4th April 2011. On arriving at the house, Ronrealizes that he has been cheated and that at common law the first deed prevails ovesubsequent deeds. In case the state in which the transactions took place enactedrecording statutes, which of the following act would have awarded Ron a title to thehouse?Purchasing the house within three days of sale to the first purchaser.Paying more than Sam for the same house.Being the first to place the deed in a publicly available file in a register of deeds.Applying for a dominant tenement at the public office in the county.Being the first to apply for a restrictive covenant at the recorder's office in thecounty.

Here in the given case , Ron can only awarded a title to the house - if A jurisdiction whose rule…

Answered: Cathy sells her house to Sam on 30th…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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