Chapter 3 Flashcards
A quitclaim deed is commonly used to
A. Convey title
B. Release an interest in title
C. Secure a loan
D. Cloud the title to real property
B. Release an interest in title
An interest in title to real property, not government owned, obtained by action at law based on adverse possession best describes
A. Acquisition
B. Squatter’s rights
C. Prescriptive suit
D. Homesteading
C. Prescriptive suit
An example of involuntary alienation is where title to real estate passes by
A. Quitclaim deed
B. Trust deed
C. Grant deed
D. Sheriff’s deed
D. Sheriff’s deed
An affidavit of value requires which of the following?
A. Grantor’s name and signature
B. Grantee’s name and signature
C. Sales price of the property
D. All of the above
D. All of the above
That which is not title, but gives the appearance of title is known as
A. Color of title
B. Exoneration
C. Alienation
D. Subordination
A. Color of title
The clause in a deed that sets forth or limits the extent of the interests in the title being conveyed is the
A. Demising clause
B. Testimonium clause
C. Habendum clause
D. Indenture clause
C. Habendum clause
A device is an example of a(n) ______________ conveyance.
A. Voluntary
B. Intestate
C. Testamentary
D. Defeasible
B. Intestate
Which of the following warrants title only for the period during which the seller owned the property?
A. General warranty deed
B. Special warranty deed
C. Quitclaim deed
D. Disclaimer deed
B. Special warranty deed
Which of the following documents would be used to remove a cloud on the title?
A. Special warranty deed
B. Quitclaim deed
C. Disclaimer deed
D. Bargain and sale deed
B. Quitclaim deed
Deeds are recorded
A. To provide constructive notice of their existence
B. Because the law requires it
C. To guarantee ownership
D. To eliminate all other claims on title
A. To provide constructive notice of their existence
A preliminary title report would disclose all of the following EXCEPT
A. Tax liens
B. Easements
C. Zoning
D. Judgements requiring resolution
C. Zoning
At what point does recordation take place?
A. When the docket and page number are assigned
B. At close of escrow date
C. The date the document was signed
D. The date the document was notarized
A. When the docket and page number are assigned
According to the Arizona Revised Statutes, when a deed is NOT recorded it is
A. Invalid
B. Valid only if recorded within 30 days of execution
C. Voidable if holder of deed does not hold title insurance
D. Valid, but potentially invalid against subsequently recorded interests
D. Valid, but potentially invalid against subsequently recorded interests
A husband acquires property of several types as sole and separate. What should the wife do to protect herself?
A. Sign a disclaimer deed
B. Sign a quitclaim deed
C. Sign a prenuptial agreement
D. Divorce him
A. Sign a disclaimer deed
Real property title may be transferred by all of the following EXCEPT
A. Decree from a municipality
B. Trustee deed of conveyance
C. Sheriff’s deed of conveyance
D. Special warranty deed
A. Decree from a municipality
