If an insured wants to bring a UM claim against the insured's own carrier:
a. The insured can sue the carrier in court and demand a jury trial.
b. The insured can sue the carrier in court and demand a bench trial.
c. The insured can have the case decided by arbitration.
d. How the UM case is ultimately decided will depend upon the terms of the insurance policy.
Q. 2The right of a borrower in foreclosure to pay off the entire loan balance at any time up until the foreclosure sale is the:
a. Right of equity
b. Equitable title
c. Equitable possession
d. Equitable right of redemption
Q. 3The legal process whereby the lender can force the sale of real property because the buyer/borrower has defaulted on the loan by failing to make mortgage payments, is:
a. Adverse possession
b. Escheat
c. Cloud on title
d. Foreclosure
Q. 4Mortgage lenders prefer judicial foreclosures because it is a relatively quick process:
a. True
b. False
Q. 5In many states, a simple form and a low fee is all it takes to get all the addresses of a person who has ever held a driver's license in that state.
Indicate whether the statement is true or false
Q. 6A defect or potential defect in one's title arising from another's claim to the same property, is:
a. Cloud on possession
b. Cloud on use
c. Cloud on title
d. Cloud on intent
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