Recording Acts Flashcards
1
Q
What is common law rule for Recording Acts
A
First in time, first in right (race)
applies if not act is provided in Statute or Fact Pattner
2
Q
Notice Act
A
subsequent BFP for value without notice takes superior
3
Q
Race Notice
A
subsequent BFP for value without notice who records first can obtain superior
4
Q
What is BFP?
A
someone who exchanges value for property in good faith
