Cathy sells her house to Sam on 30th March 2011 for $125,000. She then sells the house to Ron for the same amount on 4th April 2011. On arriving at the house, Rom realizes that he has been cheated and that at common law the first deed prevails ow subsequent deeds. In case the state in which the transactions took place enacted recording statutes, which of the following act would have awarded Ron a title to the house? 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 the county.
Cathy sells her house to Sam on 30th March 2011 for $125,000. She then sells the house to Ron for the same amount on 4th April 2011. On arriving at the house, Rom realizes that he has been cheated and that at common law the first deed prevails ow subsequent deeds. In case the state in which the transactions took place enacted recording statutes, which of the following act would have awarded Ron a title to the house? 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 the county.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Cathy sells her house to Sam on 30th March 2011 for $125,000. She then sells the
house to Ron for the same amount on 4th April 2011. On arriving at the house, Ron
realizes that he has been cheated and that at common law the first deed prevails ove
subsequent deeds. In case the state in which the transactions took place enacted
recording statutes, which of the following act would have awarded Ron a title to the
house?
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 the
county.
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