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What term describes the right of an occupant of land to acquire title against the real owner after possession has been actual, continuous, hostile, visible, and distinct for the statutory period?

  1. Adjustable-rate Mortgage

  2. Ad Valorem Tax

  3. Adverse Possession

  4. Affidavit

The correct answer is: Adjustable-rate Mortgage

The correct term that describes the right of an occupant of land to acquire title against the real owner is adverse possession. This means that after possession of the land has been actual, continuous, hostile, visible, and distinct for the statutory period, the occupant can legally claim ownership of the land. Option A, adjustable-rate mortgage, is a type of mortgage that has an interest rate that can change over time. Option B, ad valorem tax, is a tax based on the value of the property. Option D, affidavit, is a written statement made under oath. These options do not relate to the concept of adverse possession.