Chapter 7 vocab

Question 1

The actor placing documents in the public record

Answer 1

Recording

Question 2

The legal presumption that information may be obtained through diligent inquiry

Answer 2

Constructive notice

Question 3

when an individual’s actually aware of the fact, they are said to have this type of notice

Answer 3

Actual notice

Question 4

The order of rights in time, such as who recorded first, which party was in possession first, etc.

Answer 4

Priority

Question 5

The record of a property’s ownership

Answer 5

Chain of title

Question 6

A legal action to remove a cloud on the title and establish legal ownership

Answer 6

Action to quiet title

Question 7

an examination of all the public records to determine if any defects exist in a properties history of ownership

Answer 7

Title search

Question 8

The individual prepares a summary report of the results of a title search

Answer 8

abstractor

Question 9

A contract under which a policyholder is protected from losses arising from defects and title

Answer 9

title insurance

Question 10

title problem that is created by a gap in the chain of title or other dispute of ownership

Answer 10

Cloud on the title