Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

good and merchantable abstract of title

Read a random definition: second-tier patent

A quick definition of good and merchantable abstract of title:

A good and merchantable abstract of title is a summary of the history of a piece of land that includes all the important information about who owns it, any debts or liens on it, and any other factors that could affect its value or ownership. It is usually prepared for someone who is buying or mortgaging the property. A good and merchantable abstract of title shows that the property has a clear and marketable title, which means that there are no issues that could prevent the buyer from owning or selling the property in the future.

A more thorough explanation:

Definition: A good and merchantable abstract of title is a concise statement that summarizes the history of a piece of land, including all conveyances, interests, liens, and encumbrances that affect title to the property. It is usually prepared for a mortgagee or purchaser of real property. This type of abstract of title shows clear, good, and marketable title, rather than just the history of the property.

Examples:

  • When John wanted to buy a house, he asked for a good and merchantable abstract of title to make sure there were no issues with the property's ownership.
  • Before approving a mortgage, the bank required a good and merchantable abstract of title to ensure that the property had a clear title.

These examples illustrate how a good and merchantable abstract of title is used to provide a summary of a property's ownership history and ensure that the title is clear and marketable. It is an important document for anyone buying or financing real estate.

good and lawful fence | good and valuable consideration

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
snow
10:04
i think the piercer just did a bad job. my ex and i's piercings both got infected
babycat
10:04
maybe you’re spiritually aligned like that
Dkk
10:04
Gross, piercings.
snow
10:04
@babycat: i was living the bob dylan life man. smoking cigs with a nose piercing while drinkin coffee. have been chasing that high since
BulbasaurNoLikeCardio
10:04
I have been wanting a piercing just to feel what it is like
snow
10:05
@BulbasaurNoLikeCardio: that makes sense. idk im just nervous of infections
snow
10:05
i have my ears pierced but thats it
babycat
10:05
I have a couple types of ear piercings and navel
BulbasaurNoLikeCardio
10:05
Only dirty people get infections from tattoos, higher chance of an allergy to the ink. Just go to a legit shop
Dkk
10:06
I just don't like the idea of the ink in my lymphnodes. That scares me.
good morning everyone
BulbasaurNoLikeCardio
10:06
I wanna try a nose peircing to see how it feels. Need a piercer friend who wants to practice on me cause I want to experience it but not keep it
babycat
10:06
You just want to know how it feels to be pierced?
snow
10:07
nose hurt like a bitch, but my tolerance is low
BulbasaurNoLikeCardio
10:07
Yes, I don't think having metal on my face or nips would be fun long term
Dkk
10:07
@BulbasaurNoLikeCardio: I would like that too. I would like to feel that.
honestly any face piercing hurts a lot less than any ear one for me
Dkk
10:07
Man, maybe I will eat another ghost pepper today.
BulbasaurNoLikeCardio
10:07
Like I have my whole body tattooed and dry lined litterally everywhere on my body to just see how it feels
i was so terrified to get my lip done and it was completely fine lmao
but i my industrial was not fun lol
Dkk
10:07
@jackfrost11770: yo you excited for arcane tonight! I haven't slept more than 4 hours in like 3 days.
triplethread
10:08
im back guys my break lasted 24 hours
Dkk
10:08
I feel my strength returning after being sick.
i'm gonna watch it tmrw!! and yes not ready lol omg i can't imagine it'll be a happy ending
triplethread
10:08
my nips are pierced
snow
10:08
thread we hoping kent today lmaooo
triplethread
10:08
YESSS
babycat
10:08
I have a conch that took forever to heal until i switched it to a hoop
snow
10:08
like a sea shell?
LSD+ is ad-free, with DMs, discounts, case briefs & more.