Property Ownership
In Louisiana, a 'certificate of title' issued by an attorney after reviewing the abstract of title provides the buyer with:
AInsurance against all title defects
BThe attorney's legal opinion that the title is good and marketable, subject to any noted exceptions — not insurance, but an opinion based on public records✓ Correct
CA guarantee equivalent to title insurance
DThe appraised value of the property
Explanation
A certificate of title (attorney's opinion letter) is the attorney's professional opinion that the title is marketable based on their review of the abstract of public records. Unlike title insurance, it does not provide financial indemnification — it is an opinion, not a guarantee.
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