Fill in the blank: A _____ is the legal term for the sum total of legally recognized rights associated with a piece of property in which a party may own either a legal or an equitable interest.

Question

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A title is the legal term for the sum total of legally recognized rights associated with a piece of property in which a party may own either a legal or an equitable interest. Property deeds are the legal instruments by which ownership of real property are assigned. Trusts are the legal agreements where one party holds property for the benefit of another party.

Fill in the Blank: a _____ Is the Legal Term