What is the name of the system used to determine title to real property through judicial proceedings?

Prepare for the BPA Business Law and Ethics Test with engaging flashcards and multiple choice questions. Each question comes with explanations to enhance understanding. Succeed in your exam confidently!

The correct choice is the Torrens system, which is specifically designed to streamline the process of determining ownership of real property through judicial proceedings. This system is named after Sir Robert Torrens, who developed it in the 19th century in Australia. Under the Torrens system, the government maintains a central register of land titles, providing a secure and definitive record of property ownership. This allows for easier transactions because once a title is registered, it is guaranteed by the state, making it more challenging for disputes over ownership to arise.

The Torrens system simplifies the process of proving ownership, as it eliminates the need for extensive title searches typically required in a standard property transaction. In contrast, the other systems mentioned do not focus on the judicial determination of title in the same way. The statutory system refers more generally to a body of law established through legislation, whereas the adverse possession system involves gaining ownership of property through continuous possession over a specified period. Title insurance provides a way to protect against potential disputes over property ownership but does not determine title through judicial proceedings.

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