Escrow & Title
In South Carolina, 'actual notice' differs from 'constructive notice' in that:
AThey are the same concept
BActual notice means the person has direct personal knowledge of the fact✓ Correct
CConstructive notice provides stronger legal protection
DActual notice only applies to recorded documents
Explanation
Actual notice means a person has direct, personal knowledge of a fact. Constructive notice is imputed legal knowledge from public records.
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Key Terms to Know
Abstract of Title
A condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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