An Abstract, in law, is a brief statement that contains the most important points of a long legal document or of several related legal papers. Critical legal studies Jurisprudence Law (principle) Legal research Letter versus Spirit List of legal abbreviations Legal code Pointless law Natural justice Natural law Philosophy of law Religious law External links Wikibooks Wikiversity has more about this subject: School of Law Look up law in Wiktionary, the free dictionary. ...

Abstraction of Title

Abstraction of Title, used in real estate transactions, is the more common form of abstract. An abstract of title lists all the owners of a piece of land, a house, or a building before it came into possession of the present owner. The abstract also records all deeds, wills, mortgages, and other documents that affect ownership of the property. An abstract describes a chain of transfers from owner to owner and any agreements by former owners that are binding on later owners. Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... A deed is a legal instrument used to grant a right. ... In the law, a will or testament is a document by which a person (the testator) regulates the rights of others over his property or family after death. ... A mortgage (literal translation: death pledge) is a device developed in the common law world, whereby the ownership of property is passed from one person -- the mortgagor -- to another -- the mortgagee in return for the loan of money. ... Ownership is the socially supported power to exclusively control and use for ones own purposes, that which is owned. ...

Clear Title

A Clear Title to property is one that clearly states any obligation in the deed to the property. It reveals no breaks in the chain of legal ownership. After the records of the property have been traced and the title has been found clear, it is sometimes guaranteed, or insured. In a few states, a more efficient system of insuring title real properties provides for registration of a clear title with public authorities. After this is accomplished, no abstract of title is necessary. In computer vision, sets of data acquired by sampling the same scene or object at different times, or from different perspectives, will be in different coordinate systems. ...

See also

- Torrens System

References

- World Book encyclopedia 1988 World Book Encyclopedia is, according to the publisher, the number-one selling print encyclopedia in the world [1]. The first edition (1917) contained 8 volumes. ...