Flashcards - Illinois Real Estate

Flashcards - Illinois Real Estate
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corporations
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
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chain of title
A chain of title is the sequence of historical transfers of title to a property
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chain of title
A chain of title is the sequence of historical transfers of title to a property
corporations
A corporation is a company or group of people authorized to act as a single entity and recognized as such in law
Illinois Real Estate Act
Passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U
lien
A lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation
limited liability companies
A limited liability company is the United States-specific form of a private limited company

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