Contracts
A Mississippi real estate contract provides that the seller will provide a 'marketable title' at closing. Marketable title means:
ATitle that has been marketed and advertised
BTitle that is reasonably free from doubt, defects, or liens that would affect the buyer's enjoyment or ability to resell the property✓ Correct
CTitle insured by a title company
DTitle that is the highest price in the market
Explanation
Marketable title is title that a reasonably prudent buyer would accept — free from material defects, unreasonable encumbrances, or legitimate adverse claims that would affect the buyer's ability to enjoy or resell the property. It does not mean perfect title, but title that is not subject to reasonable doubt.
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