Escrow & Title
What does 'marketable title' mean in a Delaware real estate transaction?
AA title that has been professionally marketed by a real estate agent
BTitle that is reasonably free of doubt, liens, or defects and that a purchaser would be required to accept✓ Correct
CTitle that guarantees no future claims will arise
DTitle that is equal to or greater than the current market value
Explanation
Marketable title (also called merchantable title) is title reasonably free from doubt and encumbrances that a well-informed buyer, in the exercise of ordinary prudence, would accept and a court would compel acceptance of.
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