Chapter 6

Question 1

Title

Answer 1

The right of ownership to the land

Question 2

Voluntary Alienation

Answer 2

The legal term for the transfer of title during the property owner’s lifetime

Question 3

Deed

Answer 3

A document by which an owner of real estate conveys the right, title, or interest owned in the parcel of real estate to someone else

Question 4

Grantor

Answer 4

Who transfers the property.
(Owner)

Question 5

Grantee

Answer 5

The person who receives the property (Buyer)

Question 6

Instrument of Conveyance

Answer 6

Statute of Frauds

Question 7

Constructive Notice Ownership

Answer 7

Recorded in Town Land Records

Question 8

Condsieration

Answer 8

A clause acknowledging that the grantor has received some form of consideration.

Question 9

Granting Clause

Answer 9

States the grantor’s intention to convey the property

Question 10

Habendum Clause

Answer 10

The legal type of ownership you have

Question 11

Legal Description

Answer 11

A deed must contain an accurate legal description of the real estate conveyed

Question 12

Exceptions & Restrictions

Answer 12

Specifically note anything that affects the title being conveyed

Question 13

Signature of Grantor

Answer 13

A deed must be signed by all grantors named in the deed

Question 14

Acknowledgement

Answer 14

A formal declaration under oath that the person who signs a written document does so voluntarily and that the signature is genuine

Question 15

Delivery & Acceptance

Answer 15

A title is not considered transferred until the deed to the property is actually delivered to and accepted by the grantee.

Question 16

General Warranty Deed

Answer 16

Provides the greatest protection to the buyer because the grantor is legally bound by certain covenants or warranties.

Question 17

Quitclaim Deed

Answer 17

Provides the grantee with the least protection of any deed

Question 18

Special Warranty Deed

Answer 18

Warranty that property was encumbered by grantor

Question 19

Bargain& Sale Deed

Answer 19

Contains no express warranties against encumbrances but it does imply that the grantor holds title and possession of the property.

Question 20

Trustee’s Deed

Answer 20

A deed executed by trust

Question 21

Involuntary Alienation

Answer 21

Title to property may be transferred without the owner’s consent

Question 22

Operation by Law

Answer 22

A legal thing happened that made the property get taken away.

Question 23

Adverse Posession

Answer 23

Law protects the possessor of the property, not the owner.