Agent Knowledge Bait
This trap appears as a wrong-answer choice in 1 active question. Spotting how it is built is the repair: read each example's “why it's attractive” before the “why it's wrong.”
Subject distribution
- Real Property1
Example wrong choices
22017_silas_fig_orchard_escrow_delivery · REAL_PROPERTY · Choice AYes, because Silas did not become the owner until March 20, when the escrow firm learned that the draft had cleared.
Why it's attractive
ties title to when the escrow firm learned of the cleared draft
Why it's wrong
ties title to when the escrow firm learned of the cleared draft
22017_silas_fig_orchard_escrow_delivery · REAL_PROPERTY · Choice BNo, because when his draft cleared, his title related back to March 2, when the contract of sale was executed.
Why it's attractive
uses risk-of-loss/equitable-conversion timing instead of when legal title passed
Why it's wrong
uses risk-of-loss/equitable-conversion timing instead of when legal title passed
22017_silas_fig_orchard_escrow_delivery · REAL_PROPERTY · Choice CYes, because Silas did not become the owner until the deed was delivered to him on March 21.
Why it's attractive
applies the general delivery rule but omits the escrow-condition refinement
Why it's wrong
applies the general delivery rule but omits the escrow-condition refinement
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