Consider the following scenario: June 1st: Grantor conveys property to A June 2nd: Grantor conveys property to
Question:
Consider the following scenario:
June 1st: Grantor conveys property to A
June 2nd: Grantor conveys property to B
June 3rd: Grantor conveys property to C
June 4th: B records title to the property
Under a notice statute state, who will be rewarded title? Assume all purchasers have paid consideration for the property and takes title without notice of prior sale or encumbrance.
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Consider these facts
Day 1 − Grantor transfers title to A
Day 2 − Grantor transfers title to the same property to B
Day 3 − Grantor transfers title to the same property to C (bfp)
Day 4 − B records the deed from the grantor
Day 5 − Grantor transfers title to D
Day 6 − C records
Day 7 − D records
Under a pure race state, who takes title to the property?
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Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott