The proper jurisdiction to record a deed is:

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The proper jurisdiction to record a deed is:

A. County where grantor resides
B. Municipality where grantor resides
C. Jurisdiction where land is located
D. Jurisdiction where the deed is signed

Answer: C. Jurisdiction where land is located

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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