Chapter 9
Who conducts a title search...?
A title abstractor
A condensed history, or summary of all transactions affecting a particular tract of land is known as a...?
Abstract of title
A condensed history, or summary of all transactions affecting a particular tract of land?
Abstract of title
Express or implied knowledge of a fact?
Actual notice
The express or implied knowledge of a fact is known as...?
Actual notice
This form of involuntary alienation involves the taking of property through the open, notorious, continuous, and hostile occupancy of the property...?
Adverse possession
Any deed that recites a consideration and purports to convey the real estate; a bargain and sale deed with a covenant against the grantor's act is one in which the grantor warrants that grantor has done nothing to harm or cloud the title?
Bargain and sale deed
A term applied to the past series of transactions and documents affecting the title to a given parcel of land?
Chain of title
The past series of transactions and documents affecting the title to a given parcel of land is known as...?
Chain of title
Title that is encumbered or burdened with defects is referred to as...?
Clouded title
Title that is encumbered or burdened with defects?
Clouded title
Which of the following is required in a valid deed...?
Consideration
A fact, imputed to a person by law, which should have been discovered because of the person's actual notice of circumstances and the inquiry that a prudent person would have been expected to make?
Constructive notice
A written document by which ownership of land is transferred from one party to another?
Deed
A suit to quiet title is used to do which of the following...?
Fix a defect in title
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 lawful claims of third persons?
General warranty deed
A person who acquires an interest in land by deed, grant, or other written instrument?
Grantee
Ely is in the process of purchasing a new house. Since Ely will be acquiring title to the property, he is considered the...?
Grantee
A person, who by a written instrument, transfers to another the interest in land?
Grantor
Transfer of title to real property as a result of a lien foreclosure sale, adverse possession, the filing of a petition in bankruptcy, or condemnation under power of eminent domain or upon the death of the titleholder, to the State when there are no heirs?
Involuntary
David recently lost his property through a foreclosure sale. This is an example of...?
Involuntary alienation
Title which a reasonable purchaser, informed as to the facts and their legal importance and acting with reasonable care, would be willing and ought to accept is known as...?
Marketable title
Title which a reasonable purchaser, informed as to the facts and their legal importance and acting with reasonable care, would be willing and ought to accept?
Marketable title
A deed to relinquish any interest in property which the grantor may have, without any warranty of title or interest?
Quitclaim deed
Which of the following is an example of voluntary alienation...?
Selling a property
A deed in which the seller warrants or guarantees the title only against defects arising during the period of his or her tenure or ownership of the property?
Special warranty deed
The evidence of right which a person has to the ownership and possession of land, commonly considered as a history of rights?
Title
Insurance against loss or damage resulting from defects or failure of title to a given parcel of real estate?
Title insurance
An examination of public records, laws, and court decisions to disclose the current facts regarding the ownership of real estate is known as a...?
Title search
An examination of public records, laws, and court decisions to disclose the current facts regarding the ownership of real estate?
Title search
Transfer of title freely by the owner?
Voluntary Alienation
