Quiz 6

All of the following may affect the validity of a deed EXCEPT: A.Lack of money consideration. B.Competent grantor. C.Proper signature. D.Delivery.

Lack of money consideration.

For adverse possession to be effective, all of the following must be present EXCEPT: A. Occupied by original adverse possessor. B. Open and notorious possession. C. Exclusive and hostile possession. D. Uninterrupted and continuous possession.

Occupied by orginal adverse possessor

All of the following are necessary to acquire title by adverse possession EXCEPT: A.Payment of just compensation. B.Hostile use. C.Having claim or color of title. D. Continuous use against the will of the owner for the statutory period.

Payment of just compensation

All of the following are necessary to the validity of a deed EXCEPT:

Recording the deed.

A valid deed in.completion of a sales contract must be signed by the:

Seller

Party Y receives a deed from party X. The granting clause of the deed states, "I hereby remise, release, alienate, and convey to Y the following real property." What type of deed has Y received?

Special warranty

For adverse possession, all of the following elements are required EXCEPT: A.Tacking. B.Continuous. C.Hostile D.Notorious.

Tacking

All of the following are necessary to a valid deed EXCEPT:

The grantee's signature.

What will happen to real estate when its deceased owner did not write a will and has no heirs?

The ownership will escheat.

What is the basic purpose of acknowledgement before a notary public in signing a deed?

To show the genuineness of the grantors signature

As far as its validity between grantor and grantee is concerned, a deed that is not dated, acknowledged or recorded is:

Valid despite these omissions.

Grantee is to a deed as devisee is to a

Will

A third party holds title to property on behalf of someone else through the use of a

deed in trust.

Under the covenant of quiet enjoyment, grantors

ensure that the title will be good against the title claims of third parties.

A deed must be signed by the

grantor.

In a valid deed, which of the following statements about the grantee is correct?

A deed may be used to convey title to a person with an assumed name.

Which of the following statements regarding the recording of deeds is true in most states?

A deed must be signed by the grantor to be recorded.

Which of the following is true relating to a conveyance of real property? A.A grantor cannot sign with an "X." B.A grantor cannot be a minor. C.An illiterate grantor is incompetent. D.A conveyance by an unmarried minor transfers absolute title.

A grantor cannot be a minor.

Which of the following deeds contains no expressed or implied warranties?

A quitclaim deed

Which type of deed merely implies but does NOT specifically warrant that the grantor holds good title to the property?

Bargain and sale

Marketable title to real property is LEAST likely to be conveyedi

By a minor

One tenant in common attempts to convey the entire fee simple interest in the property to a grantee, using a general warranty deed. Which covenant in the deed would be violated?

Covenant of seisin

The transfer of any interest in a parcel of real estate is typically in a document called the:

Deed.

In the transfer of real property by deed, ownership changes hands when the deed has been:

Delivered.

All of the following deeds are valid except a deed to a/n: A.Fictitious human person. B. Partnership. C.Foreign corporation. D. Actual person under an assumed name.

Fictitious human person.

A deed contains a promise that the title conveyed is good and a promise to obtain and deliver any documents necessary to ensure good title. This deed contains an example of which covenant?

Further assurances

A person to whom real estate is conveyed, the buyer, is also called the:

Grantee.

On examination of the public records, the examiner discovers a deed with an assumption of mortgage. Which of the following would MOST likely not be found in the deed?

Grantor's age.

Which of the following statements best describes the covenant of quiet enjoyment in a general warranty deed? A.Grantee will not be disturbed by unnecessary noise. B. Guarantor has the rights, title and ownership that he claims to have. C.Guarantor will pay for any damages caused by improper drafting of the deed. D.Guarantor will not enter the property without prior notice.

Guarantor has the rights, title and ownership that he claims to have.

"I do hereby convey to my nearest relative all my interest in the property known as 123 Main Street, Bismarck, North Dakota, to have and to hold, in consideration of receipt of the amount of $10 and other good and valuable consideration." When signed, this document is a/n:

Invalid conveyance by deed because the grantee is inadequately identified.

Which of the following staterments regarding a bargain and sale deed is true?

It has no covenants, but does have an implication that the grantor has good title.

Which of the following statements is true concerning a general warranty deed?

It is the most protective deed a grantee can receive.

A valid deed must contain which of the following groups of elements?

Named grantee, competent grantor, delivery, grantor's signature.

Following the execution of a sales contract, a deed usually is executed. To be valid, the deed must contain which of the following?

Names of buyer and seller.

The word hostile as applied to adverse possession means that the:

Possessor claims ownership, rejecting other claims.

Which type of deed is used by a grantor whose interest in the real estate may be unknown?

Quitclaim deed.

Which of the following statements is true concerning recording a deed? A.A deed must be signed by grantor and grantee to be recorded. B.A forged deed is made valid by recording. C.A delivered deed is not valid until it is recorded. D. Recording is not needed to make a deed valid.

Recording is not needed to make a deed valid.

To be admissable to record in the appropriate public record office, a deed must be:

Signed by the grantor.

A deed whereby the grantor makes certain covenants and warrants to defend against certain claims that arose only during the period of the grantor's ownership is a:

Special warranty deed.

If a person dies intestate, the estate passes to the deceased person's heirs according to the:

State's statue of descent and distribution.

Step 1: A decided to convey a house to B. Step 2: A signed a deed transferring title to B. Step 3: A gave the signed deed to B, who accepted it. Step 4: B took the deed to the county recorder's office and had it recorded. At which step did title to the house actually transfer or pass to B? a. Step 4 b. Step 1 c. Step 3 d. Step 2

Step 3

A deed is signed by a grantor on Sunday and delivered to the grantee on Tuesday. Which of the following statements is true?

The deed is effective to transfer title.

For a deed to be valid, which of the following must be true? Select one: a. The deed must be dated. . b. The deed must be delivered during the lifetime of the grantor. c. The grantee must execute the deed. d. The grantee must have legal capacity to

The deed must be delivered during the lifetime of the grantor.

For a deed to be valid, which of the following must occur?

The deed must be in writing.

If a deed to a property were drawn to a grantee and he died prior to the date of the deed's deliveny, which of the following statements would be true?

The deed would be invalid

Which of the following is true regarding a special warranty deed?

The grantor's warranties are limited to the time the grantor owned the property.

Which of these statements about deeds is true? A. The general warranty deed offers the least liability to.the grantor. B.The special warranty deed contains the most covenants. C.The quitclaim deed is no different from a bargain and sale deed. D. The quitclaim deed gives the least protection to the grantee.

The quitclaim deed gives the least protection to the grantee.

All of the following are reasons for probate EXCEPT: a. To ensure that the heirs do not fight among themselves. b. To identify which persons get any of the estate. c. To determine the exact assets of the deceased person. d. To confirm that the will is valid. X

To ensure that the heirs do not fight among themselves.

A deed contains a guarantee that the grantor will compensate the grantee for any loss resulting from the title's failure in the future. This is an example of which covenant?

Warranty forever

Title to real estate can be transferred upon death by what type of document?

Will

An owner of real estate was declared legally incompetent and was committed to a state mental institution. While institutionalized, the owner wrote and executed a will. The owner died while still institutionalized and was survived by a spouse and three children. The real estate will pass

according to the state laws of descent.

The seller conveyed a quitclaim deed to the buyer. Upon receipt of the deed, the buyer may be certain that

all of the seller's interests in the property belong to the buyer.

P signed a deed transferring ownership of P's house to Q. To provide evidence that P's signature was genuine, P executed a declaration before a notary. This declaration is known as an

c.acknowledgment.

Real estate that is inherited from a person who died testate is referred to as a

devise.

The reversion of real estate to the state because of the lack of heirs or other persons legally entitled to own the property is called

escheat.

A deed states that the grantors are conveying all their rights and interests to the grantees to have and to hold. This is communicated in the

habendum clause.

Eminent domain and escheat are two examples of

involuntary alienation.

A form authorizing one person.to execute documents for another is called a if a.

power of attorney.

The severalty owner of a parcel of land sells it to a buyer. The buyer insists that the owner's wife join in signing the deed. The purpose of obtaining the wife's signature is to

waive any marital or homestead rights.

Which of the following documents is signed by the owner of the real estate?

A gift deed

Deeds that purport to convey an interest but make no warranty of good title are called:

Bargain and sale deeds.

Title is NOT considered transferred until the deed is:

Delivered to and accepted by the grantee.