Property OwnershipIntermediateDelaware Exam
Under Delaware's recording statutes, which principle protects a bona fide purchaser for value who records first?
ARace-notice statuteCorrect
BPure notice statute
CPure race statute
DMarketable title act
Why Race-notice statute Is Correct
Answer A: Race-notice statute
Delaware follows a race-notice recording statute. A subsequent purchaser for value who records first and does so without notice of the prior unrecorded conveyance takes priority over the earlier unrecorded grantee.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
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