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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Civil Law and Land Titles and Deeds

A competent court enters a proper compensation judgment under the Assurance Fund provisions. The Fund is insufficient to satisfy that judgment. A claimant argues that the insufficiency necessarily eliminates the unpaid balance. What does Section 98 provide?

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The court must cancel every existing certificate of title. Every claimant loses all rights whenever the Fund is low. The deficiency automatically becomes the claimant's donation. The National Treasurer must make up the deficiency from available treasury funds not otherwise appropriated.

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