Simple English definitions for legal terms
Read a random definition: fixed-income security
Definition: A title that cannot legally convey the property to which it applies, usually because of some conflicting claim to that property.
Example: John wants to sell his house to Mary, but there is a dispute over who actually owns the property. John's title to the property is considered bad because he cannot legally transfer ownership to Mary until the dispute is resolved.
This example illustrates how a bad title can prevent the legal transfer of property ownership. It is important to have a clear and valid title before buying or selling property to avoid any legal issues.