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In which of the following situations would someone have a successful claim against the assurance fund? (1)Black owns Whiteacre. Mary forges a transfer to herself,
- In which of the following situations would someone have a successful claim against the assurance fund?
- (1)Black owns Whiteacre. Mary forges a transfer to herself, registers it and then obtains a bank loan for $50,000 giving a mortgage of Whiteacre as security.
- (2)Bob owns Blacacre which is worth $1 million. Martin forges a transfer to himself, registers it and then sells the property for $1.2 million to Jim who registers the property and is unaware of the fraud. Upon completion of the sale to Jim, Martin disappears and cannot be found.
- (3)Gerald, the owner of Greenacres, gives a life estate in his property to his companion Jasmine. Subsequently, Jasmine sells her life estate to John. All necessary documents are registered in the land title office. In a fit of rage Gerald kills Jasmine to get his property back.
- (4)In all of the above situations a successful claim against the assurance fund might be brought.
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