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Author Question: What is the benefit of maintaining a public record system? What will be an ideal ... (Read 51 times)

biggirl4568

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on: Aug 3, 2018
What is the benefit of maintaining a public record system?
 
  What will be an ideal response?

Question 2

Despite the best of intentions, a business or individual may decide that filing for bankruptcy is the only viable solution in situations when a(n) ________, such as excessive income taxes and fines, large lawsuit judgment, or catastrophic illness, takes place.
 
  Fill in the blank(s) with correct word


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Tonyam972

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Reply #1 on: Aug 3, 2018
Answer to Question 1

Public record system serves to create a searchable public record for all documents that affect interests in real estate. By recording documents disputes over the rightful ownership of property are prevented, as is fraud.

Answer to Question 2

insolvency event


biggirl4568

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Reply #2 on: Aug 3, 2018
Both answers were spot on, thank you once again


Tonyam972

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Reply #3 on: Aug 3, 2018
Great! Please up vote :D


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