Chapter 6 -Quiz
A quitclaim deed includes warranties and representations...?
(False)
A grant deed includes two warranties, first that the grantor has not previously conveyed title to another grantee, and second, the property is not burdened by encumbrances at the conveyance of title...?
(True)
Alienation of a property can be voluntary or involuntary...?
(True)
A swimming pool built across a property line is an example of a/an...?
Encroachment
Warranties in a warranty deed are...?
Express
The sale of property due to foreclosure is an example of...?
Involuntary Alienation
How long is the redemption period if the loan amount is satisfied at a foreclosure auction...?
3 months
These types of liens always take priority over other liens...?
Government Liens
The use of a warranty deed has been largely supplanted by this deed in California...?
Grant Deed
An easement by prescription results in the...?
Right of use
Adverse possession results in the...?
Transfer of title
Which of the following is an example of a deed...?
Warranty Deed,Quitclaim Deed,Grant Deed
An easement by prescription is terminated by non-use for a period of at least...?
5 years
The statutory period for adverse possession in California is .......... and the payment of property taxes?
5 years
A/an .......... is terminated when the easement is no longer a necessity for ingress and egress from the landlocked property?
Easement by Necessity
An unlawful intrusion onto another's adjacent property by improvements to real property is known as a...?
Encroachment
A formal declaration made before an authorized person (ex: a notary public) by a person who has executed an instrument stating that the execution was his or her free act is known as...?
Acknowledgement
A deed to relinquish any interest in property which the grantor may have, without interference of possession is known as a...?
Quitclaim Deed
An easement by voluntary grant can be terminated by the signing of a...?
Quitclaim Deed
The quitclaim deed is signed by the dominant tenement owner in favor of the...?
Servient Tenement
A quitclaim deed can be used in which of the following...?
The release of a condition
The transferring of property to another is also referred to as...?
Alienation
This is a written instrument which when properly executed and delivered conveys title to real property from one person (grantor) to another (grantee)...?
Deed
This is a judgment given by a court when the value of security pledged for a loan is insufficient to pay off the debt of the defaulting borrower...?
Deficiency Judgment
This is the most widely used deed in California...?
Grant Deed
This property type is exempt from a deficiency judgment...?
Owner occupied, 1-4 family
A valid deed requires which of the following...?
Signature of the grantor,In-writing,Competent grantor
The wrongful entry on to the land on another, either in person or by instrumentality, is referred to as...?
Trespass
The sale of property from a willing seller to a qualified buyer is an example of...?
Voluntary Alienation
A deed used to convey real property which contains warranties of title and quiet possession, and the grantor thus agrees to defend the premises against the unlawful claims of third persons is known as a...?
Warranty Deed