Question

question 13
5 points
chain of title is most accurately defined as
a summary or history of all documents and legal proceedings affecting a specific parcel of land.
a record of a propertys ownership.
a report of the contents of the public record regarding a particular property.
an instrument or document that protects the insured parties (subject to specific exceptions) against defects in the examination of the record and hidden risks, such as forgeries, undisclosed heirs, errors in the public records, and so forth.
clear selection

Explanation:

To determine the correct definition of "chain of title", we analyze each option:

• The first option describes a title search or abstract of title, not chain of title.
• The second option: Chain of title specifically refers to the sequence of ownership transfers of a property, so it is a record of a property’s ownership.
• The third option refers to a title report, not chain of title.
• The fourth option describes title insurance, not chain of title.

Answer:

B. a record of a property's ownership.