CHAPTER 12

Question 1

NOTARIZING A DOCUMENT, OFTEN REQUIRED FOR RECORDATION

Answer 1

ACKNOWLEDGMENT

Question 2

ILLEGAL POSSESSION OF ANOTHER’S LAND WHICH MAY LEAD TO ACQUIRING TITLE

Answer 2

ADVERSE POSSESSION

Question 3

A LEGAL DOCUMENT THAT TRANSFERS OWNERSHIP RIGHTS

Answer 3

DEED

Question 4

AN AGREEMENT BETWEEN BORROWER AND LENDER THAT PROVIDES SECURITY FOR A DEBT, A THREE PARTY AGREEMENT

Answer 4

DEED OF TRUST

Question 5

REAL PROPERTY TRANSFERRED THROUGH A WILL

Answer 5

DEVISE

Question 6

THE PERSON WHO ACCEPTS THE DEED (BUYER)

Answer 6

GRANTEE

Question 7

THE “TO HAVE AND TO HOLD” CLAUSE IN A DEED, DESCRIBING THE TYPE OF OWNERSHIP

Answer 7

HABENDUM CLAUSE

Question 8

LAW REQUIRING LEGAL DOCUMENTS TO BE IN WRITING TO BE ENFORCEABLE

Answer 8

STATUTE OF FRAUDS

Question 9

A TAX ON THE TRANSFER OF PROPERTY USUALLY REQUIRE STAMPS TO BE AFFIXED TO THE DEED

Answer 9

TRANSFER TAX

Question 10

THE RIGHT TO OR OWNERSHIP OF PROPERTY

Answer 10

TITLE

Question 11

A DEED THAT OFFERS NO WARRANTIES OR PROMISES TO THE BUTYER AND TRANSFERS WHATEVER OWNERSHIP THE SELLER POSSESSION

Answer 11

QUITCLAIM DEED