Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The first in time, first in right rule implies: That whichever lien is recorded first in the land records has higher priority than later recorded
The "first in time, first in right" rule implies:
That whichever lien is recorded first in the land records has higher priority than later recorded liens
That whoever interested in a selling property presents an offer first to a landlord has higher priority than whoever is interested as well present the offer later
That if a promissory note is recorded first in the land records has higher priority than later recorded promissory note
None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started