{"id":16247,"date":"2018-05-22T20:32:58","date_gmt":"2018-05-22T20:32:58","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=16247"},"modified":"2018-06-09T03:08:40","modified_gmt":"2018-06-09T03:08:40","slug":"legal-title-evidences-apparent-ownership-but-not-necessarily-full-and-complete-title-or-a-beneficial-interest","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=16247","title":{"rendered":"legal title – evidences apparent ownership but not necessarily full and complete title or a beneficial interest; must be\u00a0marketable\u00a0to be considered legally sufficient"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from Property<\/a> >>>> Ownership<\/a>\u00a0>>>>\u00a0Title<\/a>:<\/strong><\/span><\/p>\n

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legal title:<\/span>
\n<\/span><\/strong>(17c)<\/span><\/p>\n

1. A title that evidences apparent ownership but does not necessarily signify full and complete title or a beneficial interest<\/a>. \u00a0* \u00a0Before the Statute of Uses (1536), a legal title was enforceable only in a court of law, not Chancery.<\/strong>\u00a0[1]<\/span><\/p>\n

1. A title under rules of law as distinguished from a title recognized in equity according to equitable principles.<\/span><\/strong>
\n\u00a0 \u00a0 \u00a0See legally sufficient title<\/em><\/strong><\/span>. [2]<\/span><\/p>\n

1. Title that evidences apparent ownership, as distinguished from equitable title, which indicates a beneficial interest<\/a>. \u00a0EXAMPLE: Smith owns the Lay-Z Ranch and has record title; Smith conveys the Lay-Z to Jones under a contract for sale of land, but has not yet executed a deed to Jones. \u00a0in these circumstances, Smith has legal title to Lay-Z and Jones has equitable title.<\/span><\/strong> [3]<\/span><\/p>\n

legally sufficient title<\/span> – A marketable title. Cowdery v Greenlee<\/em>, 126 Ga 786, 55 SE 91<\/span>. <\/span><\/strong>[2]<\/span><\/p>\n

1. Marketable title.<\/strong> [3]<\/span><\/p>\n

legally insufficient title<\/span> – A title which, not being free from a reasonable doubt, is not a marketable title. 55 Am J1st V & P\u00a0\u00a7\u00a7 157, 158<\/span>.<\/strong> [2]<\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

[1]: Black’s Law Dictionary <\/a><\/span><\/strong>Deluxe<\/b><\/span><\/a><\/em> Tenth<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em> by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4 <\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>with<\/b><\/span><\/a><\/em> Pronunciations<\/b><\/span><\/a><\/em> Third Edition<\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]:\u00a0\u00a0Ballantine\u2019s Law Dictionary <\/a><\/span><\/strong>Legal<\/b><\/span><\/a><\/em> Assistant<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

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