National Questions - 8

Which type of Deed does the owner acknowledge ownership but makes no warranties of title? Select one: A. General Warranty Deed B. Special Warranty Deed C. Bargain and Sale Deed D. Quitclaim Deed

Bargain and Sale Deed

Which of the following would be an example of voluntary alienation? Select one: A. Donation B. Escheat C. Avulsion D. Eminent Domain

Donation

Which of the following are examples of involuntary alienation? Select one: A. Deed B. Donation or Gift C. Eminent Domain D. Sale

Eminent Domain

The clause in a Deed that means "to have and to hold" is the Select one: A. Granting Clause B. Habendum Clause C. Consideration Clause D. Seisin Clause

Habendum Clause

hich of the following will a standard Title Insurance Policy usually cover? Select one: A. Unrecorded documents B. Survey inaccuracies C. Unrecorded rights of persons in possession D. None of the above are usually covered

None of the above are usually covered

John and Mary disagree as to who is the owner of a piece of property. Both claim to have evidence proving themselves to be the owner. A court action to decide legal title is known as Select one: A. Parole Evidence B. Quiet Title C. Lis Pendens D. Novation

Quiet Title

A will is made by a: Select one: A. Codicil B. Intestate C. Testator D. State license attorney

Testator

Adverse possession requires: Select one: A. Personal B. Written notice of intent C. Payment of back mortgage payments D. Use against the owner

Use against the owner

The exclusion from taxes on the sale of your homestead if you are single is Select one: A. $50,000 B. $250,000 C. $500,000 D. $1,000,000

$250,000

A deed must be signed by: Select one: A. All of the real estate agents B. All of the grantors C. All of the grantees D. The clerk of court

All of the grantors

John dies intestate. Which law decides how his property is transferred at his death? Select one: A. Descent and Distribution B. The Law of Wills C. Eminent Domain D. Habendum

Descent and Distribution

Escheat is the government's right to: Select one: A. Take property when the taxes are unpaid B. Receive property by dedication C. Take property by condemnation D. Receive property where there are no heirs

Receive property where there are no heirs

Mary lives on a lake that is getting smaller because the wetlands are disappearing. Mary's land is expanding because the area between her house and the lake is getting larger as the lake gets smaller. She is obtaining possession of this land through Select one: A. Renunciation B. Avulsion C. Reliction D. Escheat

Reliction

Which of the following statements is true about a Deed? Select one: A. A Deed must be recorded to be valid B. Unrecorded Deeds are valid but may not be binding on third parties C. The Grantor is the Buyer of the Property D. The Grantee must be of legal age

Unrecorded Deeds are valid but may not be binding on third parties

____________________ is a sudden tearing away of the land by the action of water or earthquake.

avulsion

____________________ is a permanent metal marker embedded in cement, used as a reference to measure the elevation above sea level.

benchmark

____________________ is the deposit of instruments and funds with instructions to a third neutral party to carry out the provisions of an agreement or contract.

escrow

Policies that will cover additional risks that may be discovered only by inspection of the property, including unrecorded rights of persons in possession, or by examination of an accurate survey have ____________________.

extended coverage

A person who dies without a will, or one which is defective in form, is known as ____________________.

intestate

A court doctrine that bars a legal claim because of undue delay to assert the claim is known as ____________________.

laches

A recorded document that creates constructive notice than an action, such as a lawsuit, relating to a specific property has been filed in a court that may affect the value of the property or the right to transfer it is referred to as ______________.

lis pendens

The right of an owner or tenant legally in possession to the use of property without interference from the landlord, or grantor, or anyone claiming through him is known as ____________________.

quiet enjoyment

____________________ is the law that refers to the length of time within which a party may sue.

statute of limitations

Tenant abuse that results in permanent injury to the land or property is called____________________.

waste