Real Estate CH.05 Test 1(T/F)

A change in ownership of any kind is known as a forfeiture of title.?

F A change in ownership of any kind is known as an alienation of title.

A forged deed could result in a valid conveyance of title.?

F A forged deed would not result in a valid conveyance of title.

Because it is implied, a granting clause is not necessary in most states for a deed to be valid.?

F A granting clause is necessary in most states for a deed to be valid.

A holographic will is a typed or preprinted will.?

F A holographic will is a will that is entirely handwritten, with no typed or preprinted words.

A transfer of land by a private party to a government entity is called a public grant.?

F A transfer of land by government entity to a private party is called a public grant.

For land title to be passed, the deed must be recorded.?

F For land title to be passed, the grantor must deliver the deed to the grantee.

Elaine wants to leave her real estate to her nephew, Farquart, but desires the flexibility to change her mind in the future. She can accomplish this goal with a joint tenancy with her nephew.?

F She can accomplish this goal with a will naming her nephew as recipient of her real estate.

The grantee's signature is required in a deed.?

F The grantor's signature is required in a deed.

The person giving up ownership is called the grantee.?

F The person giving up ownership is called the grantor.

A special warranty deed places the least obligations on the grantor.?

F The quitclaim deed places the least obligations on the grantor.

A gift deed conveys legal title.?

T A deed form conveys legal title.

An oral will, more properly known as a nuncupative will, is a will spoken by a person who is very near death.?

T A will spoken by a person who is very near death is called an oral or nuncupative will.

When an adverse claimant tacks on his period of possession to that of a prior adverse occupant, this is called tacking.?

T An adverse claimant may tack on his period of possession to that of a prior adverse occupant by the process of tacking.

For a deed to convey title to real property, it must contain the legal description of the property.?

T For a deed to be valid it must contain the legal description of the property.

Sylvia, as executor of a relative's estate, realized that she had no authority to warrant and defend the acts of previous title holders when conveying the property to the new owners. She would probably use a special warranty deed.?

T She would probably use a special warranty deed.

The signature of the grantor is required in most states for any deed to be valid.?

T Signature by the grantor is required in most states for any deed to be valid.

A general warranty deed protects the grantee against future problems with the grantee's title that occurred before transfer.?

T The general warranty deed protects the grantee against future problems with the grantee's title that occurred before transfer.

A legal process of acquiring additional property that is added to property already owned is called accession.?

T The property owner is acquiring additional property by accession.

In real estate, the word "convey" means to transfer.?

T The word "convey" means to transfer.

The covenant which promises that the grantor will execute any instruments necessary to protect the grantee's title is the covenant against encumbrances.?

T This is the covenant against encumbrances.