Chapter 9 Review Questions (Titles, Deeds, and Ownership Restrictions)

Question 1

Title to real property is synonymous with __________________ .

Answer 1

ownership

Question 2

The deed that provides the greatest protection to the grantee is the __________________ __________________ deed.

Answer 2

general warranty

Question 3

The deed that is used to convey the property of a minor is the __________________ deed.

Answer 3

guardian’s

Question 4

Legal rights being conveyed are expressed in the __________________ clause.

Answer 4

habendum

Question 5

The quitclaim deed contains __________________ warrants.

Answer 5

no

Question 6

Title to real property passes to the grantee when the deed is __________________ and __________________ .

Answer 6

delivered,
accepted

Question 7

Title by adverse possession may be obtained after __________________ years.

Answer 7

seven

Question 8

Recording a document in the public records provides __________________ notice.

Answer 8

constructive

Question 9

To be valid, a deed must be signed by the __________________ and __________________ witnesses.

Answer 9

grantor,
two

Question 10

Actual notice is provided by __________________ __________________ .

Answer 10

physical possession

Question 11

The __________________ title policy is transferable; the __________________ title policy is not.

Answer 11

mortgagee (or lender’s),
mortgagor (or owner’s)

Question 12

An abstract can be made more useful by obtaining an attorney’s written __________________ ____________ __________________ .

Answer 12

opinion of title

Question 13

A __________________ deed, conveying any rights the owner may have without promising to have any rights in the property, is one of three ways in which a defect in title can be cured.

Answer 13

quitclaim

Question 14

The four rights of government that limit private property rights are __________________ __________________ , __________________ __________________ , __________________ , and __________________ .

Answer 14

police power,
eminent domain,
taxation,
escheat

Question 15

__________________ __________________ __________________ , __________________ __________________ , and __________________ __________________ __________________ are classified as superior liens.

Answer 15

real estate taxes,
special assessments,
federal estate taxes

Question 16

The party that receives rights as the result of an assignment is called the __________________ .

Answer 16

assignee

Question 17

When a property is sublet, it creates a __________________ lease.

Answer 17

sandwich

Question 18

When all rights under a lease have been transferred for the entire lease period, the process is called __________________ .

Answer 18

assignment

Question 19

From the sellers standpoint, a sale-leaseback results in __________________ financing.

Answer 19

100%