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MGT 320 Business Law Lecture 1: Property Suite Overview

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MGT 320 Business Law Lecture 1: Property Suite Overview

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Questions and Answers

What does the Alberta Township System use to describe a piece of land?

Meridian, Range, and Plot

Section, Township, and Lot (correct)

Condo Plan, Block, and Unit

Parcel, Title, and Plan

Which system creates priorities in land ownership by following a 'first past the post' rule?

Registry System

Alberta Township System

Torrens system (correct)

Land Titles System

What aspect distinguishes the Alberta Township System from the Registry System and the Torrens system?

It maintains and scrutinizes changes to land ownership.

It issues new titles reflecting changes.

It uses a notice system to describe land.

It uses smaller values like Meridian and Range to describe land. (correct)

Which system involves holding the deed in a government office for tracking ownership?

Registry System Signup and view all the answers

In which system does the government take guarantees of the title?

Land Titles System Signup and view all the answers

What is a key feature of the Real Property Characteristics of a Torrens system?

'First past the post' rule for land ownership priorities Signup and view all the answers

MGT 320 Business Law Lecture 1: Property Suite Overview

Choose a study mode

Podcast

Questions and Answers

What does the Alberta Township System use to describe a piece of land?

Which system creates priorities in land ownership by following a 'first past the post' rule?

What aspect distinguishes the Alberta Township System from the Registry System and the Torrens system?

Which system involves holding the deed in a government office for tracking ownership?

In which system does the government take guarantees of the title?

What is a key feature of the Real Property Characteristics of a Torrens system?

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