Acme Real Estate Ventures owns a small shopping center. Acme's ownership is insured by an owner's title insurance company. Acme sells the shopping center to Farris Investments. Farris reviews Acme's insurance policy showing ownership in Acme and does a title examination from the date of that policy that shows that Acme has not sold the property. Farris buys the property but does not get an owner's policy of title insurance. Later Farris discovers that Acme did not own the property, as there was a forged deed to one of the previous owners. Can Farris make a claim against the Acme policy?

Question

Quizplus · Accepted Answer

The Answer of Acme Real Estate Ventures owns a small shopping center. Acme's ownership is insured by an owner's title insurance company. Acme sells the shopping center to Farris Investments. Farris reviews Acme's insurance policy showing ownership in Acme and does a title examination from the date of that policy that shows that Acme has not sold the property. Farris buys the property but does not get an owner's policy of title insurance. Later Farris discovers that Acme did not own the property, as there was a forged deed to one of the previous owners. Can Farris make a claim against the Acme policy?

Acme Real Estate Ventures Owns a Small Shopping Center