Chapter 6 Flashcards
An easement by prescription must be held and controlled for what period of time
20 years
A water right can be lost if it is not in use for how many consecutive years
Five years
What period of time must a person holding and possessing a property holding the property to claim adverse possession
20 years
Certain documents must be in writing to be enforceable to satisfy
Statute of frauds
Convey release, remiss and forever quit claim transfers what type of ownership protection?
Contains no covenant or warranties
The purpose of recording besides giving constructive notice is to provide
A perpetual history of a parcel of land
If a married person dies without a will, how will the decedent’s property be distributed?
Half community property of the descendent passes to the spouse
When one dies proof of death is evidence by providing
Authenticated copy of death certificate
When do the terms of a properly executed will of a married person take affect
Upon the death of the married person
The definition of the ordinary high watermark is defined as
Sufficient periods of water covers and depresses the soil to deprive the soil of its vegetation
Eminent domain is an example of what type of transfer
Involuntary
The transfer of real property must be
Signed and in writing
Grant bargain and sell transfers what type of ownership protection?
Implied ownership without warranty
How is a recorded instrument identified by priority of recording?
Day hour and minute recorded
Along with state sales tax, what is the transfer tax in Idaho?
There is no transfer tax in Idaho
When is the transfer of a deed effective?
When the guarantee accepts delivery
Any document required to be filed or recorded in Idaho shall be in what language
English only
The title insurance industry is regulated by what government department
Department of insurance
A title that is free from objectionable defects and encumbrances is deemed
Marketable
The Uniform Commercial Code deals primarily with what type of transactions
Business opportunities
What type of title insurance policy gives the most protection to a borrower
The owner’s extended policy
