Ch - 3.C: Legal Issues: Deeds
A deed conveying real property without covenants is known as what...? A. Bargain and Sale Deed B. Full Covenant and Warranty Deed C. Quitclaim Deed D. Referee's Deed
A. Bargain and Sale Deed
This type of deed is used only when the owner of the property is deceased? A. Executor B. Bargain and Sale C. Full Covenant and Warranty D. Quitclaim
A. Executor
This type of deed must recite the full consideration in the transaction...? A. Executor Deed B. Bargain and Sale Deed C. Full Covenant and Warranty Deed D. Quitclaim Deed
A. Executor Deed
A deed is NOT required to cite what...? A. Full Consideration B. Grantor C. Grantee D. Address
A. Full Consideration
A type of deed where the grantor guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee. This type of deed contains the strongest guarantee of title___ A. Full Covenant and Warranty Deed B. Bargain and Sale Deed C. Quitclaim Deed D. Referee's Deed
A. Full Covenant and Warranty Deed
This type of deed contains the strongest guarantee of title...? A. Full Covenant and Warranty Deed B. Quitclaim Deed C. Bargain and Sales Deed D. Referee's Deed
A. Full Covenant and Warranty Deed
A clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee. This clause is also known as the "to have and to hold'" clause___ A. Habendum clause B. Metes and Bounds C. Consideration D. Delivery and Acceptance E. Schedule A
A. Habendum clause
This type of deed is usually used to remove a cloud from the title...? A. Quitclaim Deed B. Full Covenant and Warranty Deed C. Referee's Deed D. Bargain and Sales Deed
A. Quitclaim Deed
A person who owns a property on a river delta also takes ownership of any additional land that builds up along that riverbank due to natural deposits or man made deposits is an example of what...? A. Accretion B. Accession C. Enlargement D. Avulsion
B. Accession
A deed conveying real property without covenants is known as a___ A. Full Covenant and Warranty Deed B. Bargain and Sale Deed C. Quitclaim Deed D. Referee's Deed
B. Bargain and Sale Deed
Land that has been put aside for a public use by a deed which states exactly what the property will be used for is known as what...? A. Gift B. Dedication by Deed C. Full Covenant and Warranty Deed D. Quitclaim Deed
B. Dedication by Deed
As a real estate agent, where should you search to find any records of violations on a property...? A. Department of Taxation B. Department of Buildings C. Department of Finance D. Legal Department
B. Department of Buildings
What is an example of a covenant that may be found in a deed...? A. Lien B. Easement C. Metes and Bounds D. Plot Map
B. Easement
Joe is selling his house to Kevin for $520,000. Kevin is known as who in the transaction...? A. Grantor B. Grantee C. Mortgagor D. Mortgagee
B. Grantee
1.A term used in describing the boundary lines of land, seeing forth all the boundary lines together with their terminal points and angles is known as___ A. Habendum clause B. Metes and Bounds C. Consideration D. Delivery and Acceptance E. Schedule A
B. Metes and Bounds
Which part of a deed describes the facts of the transaction...? A. Execution B. Premises C. Acknowledgement D. Habendum
B. Premises
Anything given to induce another to enter into a contract such as money or personal services is known as what...? A. Conveyance B. Acknowledgment C. Consideration D. Hard Contract
C. Consideration
Something of value, including money is known as___ A. Habendum clause B. Metes and Bounds C. Consideration D. Delivery and Acceptance E. Schedule A
C. Consideration
The means or medium by which title of real estate is transferred is known as what...? A. Consideration B. Dedication C. Conveyance D. Closing
C. Conveyance
A deed which conveys simply the grantor's rights or interest in real estate, without any agreement or covenant as to the nature or extent of that interest, or any other covenants is known as what...? A. Bargain and Sale Deed B. Referee's Deed C. Quitclaim Deed D. Full Covenant and Warranty Deed
C. Quitclaim Deed
A deed which conveys simply the grantor's rights or interest in real estate, without any agreement or covenant as to the nature or extent of that interest, or any other covenants; usually used to remove a cloud from the title is known as a___ A. Full Covenant and Warranty Deed B. Bargain and Sale Deed C. Quitclaim Deed D. Referee's Deed
C. Quitclaim Deed
This type of deed is used to convey real property sold pursuant to a judicial order in an action for the foreclosure of a mortgage or for partition? A. Quitclaim Deed B. Full Covenant and Warranty Deed C. Referee's Deed D. Bargain and Sales Deed
C. Referee's Deed
The New York General Obligations Law Section 5-703 refers to what...? A. Procedure for Closing B. Real Property Law C. Statute of Frauds D. Statute of Limitations
C. Statute of Frauds
In an executor's deed, the deceased person is also known as who...? A. Grantee B. Grantor C. Testator D. Seller
C. Testator
In New York State, what is required to be recorded along with the deed...? A. Contract B. Merger Doctrine C. Transfer Tax Return D. Letter of Intent
C. Transfer Tax Return
Alluvion is caused by a process known as what...? A. Enlargement B. Accession C. Land Reclamation D. Accretion
D. Accretion
How many Grantors must be included in the execution of a Deed...? A. 1 B. 2 C. 3 D. As many as there are owners of the property
D. As many as there are owners of the property
Legal policy mandates that a deed to real property be a matter of public record; therefore, a deed must be properly recorded. This is referred to as___ A. Habendum clause B. Metes and Bounds C. Consideration D. Delivery and Acceptance E. Schedule A
D. Delivery and Acceptance
Eminent domain is an example of what...? A. Gift B. Voluntary Alienation C. Public Grant D. Involuntary Alienation
D. Involuntary Alienation
A term used in describing the boundary lines of land, seeing forth all the boundary lines together with their terminal points and angles is known as what...? A. Plot Plan B. Lot and Block C. Description D. Metes and Bounds
D. Metes and Bounds
This type of deed can be used when an owner of a property is looking to transfer the property to a company he/she owns? A. Executor B. Bargain and Sale C. Full Covenant and Warranty D. Quitclaim
D. Quitclaim
This type of deed is used to convey real property sold pursuant to a judicial order in an action for the foreclosure of a mortgage or for partition___ A. Full Covenant and Warranty Deed B. Bargain and Sale Deed C. Quitclaim Deed D. Referee's Deed
D. Referee's Deed
What type of deed is typically delivered by a 3rd party...? A. Full Covenant and Warranty Deed B. Bargain and Sale Deed C. Quitclaim Deed D. Referee's Deed
D. Referee's Deed
This consists of the written words which delineate a specific piece of real property___ A. Habendum clause B. Metes and Bounds C. Consideration D. Delivery and Acceptance E. Schedule A
E. Schedule A