5 under the torrens title system title is based on

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Unformatted text preview: udy plan, go to www.pearson.com.au/mylawlab. BUSINESS ORGANISATIONS AND THE LAW PART 6 882 SELF TEST QUESTIONS Indicate whether each of the following statements is true or false: TRUE FALSE A transaction in which an interest in land is given as security for the repayment of money lent is called a caveat. ■ ■ Chattels that were once moveable but have subsequently become attached to the land in a way that makes them part of the land are called real chattels. ■ ■ The doctrine whereby the registered proprietor under Torrens Title holds the land subject to interests or rights recorded in the register but free from all others is called indefeasibility of title. ■ ■ Co-owners who hold an equal and undivided interest in property that is characterised by the four unities and survivorship are called joint tenants. ■ ■ 5 Under the Torrens Title system, title is based on registration. ■ ■ 6 The doctrine whereby if one co-owner dies the interest of that person is automatically transferred to the remaining joint tenants regardless of the deceased person...
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This document was uploaded on 04/23/2012.

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