Reginald lives in Alberta and wants to buy a farm.Kevin owns a farm in Alberta,but he has been living in Norway for the last 5 years.His sister,Colleen,has been living at the farm while he is gone.Reginald purchases the farm from Colleen.Six months later,Kevin returns from Norway.Which of the following is true?
A) Colleen has committed mortgage fraud.
B) Kevin can receive compensation from the insurance principle.
C) Reginald should conduct a title search to ensure whom the true owner of the land is.
D) Because of the curtain principle,Kevin no longer has rights in the land.
E) The chain of title suggests that Kevin still has rights in the land.
Correct Answer:
Verified
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