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Sharon, the registered fee simple owner of Whiteacre, sold her interest to Anne. Anne did not register the transfer she received from Sharon. Some months

Sharon, the registered fee simple owner of Whiteacre, sold her interest to Anne. Anne did not register the transfer she received from Sharon. Some months later Sharon discovered that she was still the registered owner, so she "sold" the property again to Myron, who registered his transfer. Myron did not know about Anne's purchase and paid market value for the property. Anne has now discovered what has happened. Which of the following statements is TRUE?

  1. (1)Anne is the rightful owner of the property and she can have Myron removed from the title.
  2. (2)Although Anne cannot remove Myron from the title, she has a valid claim against the assurance
  3. fund.
  4. (3)Myron's title is indefeasible because he purchased bona fide for value from the registered owner.
  5. (4)Both (2) and (3) are true.

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