{"id":16367,"date":"2018-06-09T04:29:43","date_gmt":"2018-06-09T04:29:43","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=16367"},"modified":"2018-06-15T15:23:47","modified_gmt":"2018-06-15T15:23:47","slug":"16367-2","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=16367","title":{"rendered":"bad (defective, unmarketable) title – a reasonable buyer would refuse to accept it because of a conflicting claim, possible conflicting interests in, or litigation over the property"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from Property<\/a> >>>>\u00a0Ownership<\/a>\u00a0>>>>\u00a0Title<\/a>:<\/strong><\/span><\/p>\n

*****************************<\/p>\n

bad title:<\/span><\/span><\/strong><\/span><\/p>\n

1.<\/strong> See defective title<\/em><\/strong><\/span>. <\/span><\/p>\n

2.<\/strong> See unmarketable title<\/em><\/strong><\/span>. [1]<\/span><\/p>\n

1. Title which is so defective that a purchaser is under no obligation to accept it.<\/strong> [3]<\/span><\/p>\n

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

1. A title that cannot legally convey the property to which it applies,\u00a0<\/span>usually<\/span>\u00a0because of some\u00a0conflicting claim to that property.<\/span><\/span><\/strong> \u2014 aka\u00a0<\/span><\/span>bad title<\/strong><\/em><\/span>. [1]<\/span><\/span><\/p>\n

1. The Uniform Commercial Code provides that title to a negotiable instrument is defective when the instrument, or any signature on it, is secured by fraud, duress, force, fear, or other unlawful means, or obtained for an illegal consideration.<\/span><\/strong><\/p>\n

2. Title to real estate is defective when it is not marketable<\/a>.<\/strong> [3]<\/span><\/p>\n

defective title to real estate<\/span> – A\u00a0<\/span>title<\/span>\u00a0which is not marketable<\/a>.\u00a0<\/span><\/span><\/strong><\/p>\n

defective title to instrument<\/span> – The title of a person negotiating a negotiable instrument is defective when he obtained the instrument, or any signature thereto, by fraud, duress, force, fear, or foe other unlawful means, or for an illegal\u00a0<\/span>consideration<\/span>, or when he negotiates it\u00a0in breach of faith or under such circumstances as to amount to a fraud. <\/span>\u00a0Uniform Negotiable\u00a0<\/span>Ins<\/span>truments<\/span>\u00a0Law\u00a0\u00a7 55<\/span>; Vincennes Sav. & Loan Asso. v Robinson<\/em>, 107 Ind App 558, 23 NE2d 431, 24 NE2d 558<\/span>.\u00a0<\/span><\/span><\/strong>[2]<\/span><\/p>\n

unmarketable title<\/span>:<\/span><\/strong>
\n(18c)<\/span><\/p>\n

1. A title that a reasonable buyer would refuse to accept because of possible conflicting interests in or litigation over the property.<\/strong>\u2014 aka bad title<\/strong><\/em><\/span>; unmerchantable title<\/span><\/strong><\/em>; nonmerchantable title<\/span><\/strong><\/em>. [1]<\/span><\/p>\n

1. Title that a person of reasonable prudence<\/a> and intelligence would not accept, or would not be willing to pay fair market value for,\u00a0<\/span>because<\/span>\u00a0it is not sufficiently clear<\/a>.<\/span><\/span><\/strong>\u00a0[3]<\/span><\/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

************************ <\/span><\/p>\n

Back to Title<\/a><\/span><\/span><\/strong><\/span><\/p>\n

Back to\u00a0 <\/span><\/strong>Property<\/a><\/strong><\/span><\/p>\n

Home Page<\/span><\/a><\/strong><\/p>\n

Like this website?<\/span><\/span><\/strong><\/p>\n

Donate to Wild Willpower PAC<\/a><\/b><\/span><\/strong>
\n<\/strong>or donate via\u00a0<\/span><\/span><\/strong>PayPal<\/a>\u00a0<\/span><\/strong>here:<\/span><\/span><\/strong><\/span><\/p>\n