CHAPTER 13 Flashcards

1
Q

A RECORD OF ALL RECORDED DOCUMENTS THAT EFFECT TITLE TO A PARTICULAR PROPERTY

A

ABSTRACT OF TITLE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

DIRECT KNOWLEDGE OF FACTS

A

ACTUAL NOTICE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

THAT WHICH IS KNOWN, HAVING BEEN TOLD

A

ACTUAL NOTICE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

A RECORD OF SUCCESSIVE TRANSFERS OF TITLE FROM ONE OWNER TO THE NEXT CONTINUING FROM THE BEGINNING TO THE LAST CONVEYANCE

A

CHAIN OF TITLE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

NOTICE GIVEN BY RECORDING DOCUMENTS IN THE PUBLIC RECORDS, THE LAW PRESUMES ONE COULD KNOW UPON DILIGENT INVESTIGATION

A

CONSTRUCTIVE NOTICE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

TITLE SUFFICIENT TO CONVINCE A PURCHASER WOULD BE REASONABLE FREE FROM THE RISKS OF LITIGATION OR DEFECTS

A

MARKETABLE TITLE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

A LEGAL PROCESS WHERE A COURT WILL DETERMINE THE VALIDITY OF ANY WILL, THE ASSETS OF THE ESTATE AND WHO WILL INHERIT PROPERTY

A

PROBATE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

THE ACT OF PLACING A DOCUMENT IN THE PUBLIC RECORD

A

RECORDING

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

A POLICY INSURING THE BUYER AGAINST LOSS OF TITLE

A

TITLE INSURANCE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

THE EXAMINATION OF PUBLIC RECORDS TO DETERMINE THE CHAIN OF TITLE OR TITLE DEFECTS

A

TITLE SEARCH

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

AN OWNERSHIP INTEREST IN TIME SHARE

A

TIME SHARE ESTATE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly