Chapter 9: Title, Deeds & Ownership Restrictions (MC) Flashcards

1
Q

Which instrument transfers title from one individual to another?

a. contract
b. deed
c. warranty
d. covenant

A

b. deed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Title is

a. any instrument that guarantees legal rights.
b. a legal instrument that transfers property from one party to another.
c. the same as ownership.
d. a piece of bond paper.

A

c. the same as ownership.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

A warrant in a deed is

a. a disclaimer.
b. a promise made by the grantee.
c. unenforceable.
d. a promise made by the grantor.

A

d. a promise made by the grantor.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Which clause in a deed states the interest being conveyed?

a. habendum
b. reddendum
c. release
d. seisin

A

a. habendum

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

The warrant in a deed in which the grantor assures the grantee freedom from hostile claims against their ownership is the

a. habendum clause.
b. warrant of seisin.
c. warrant of quiet enjoyment.
d. reddendum clause.

A

c. warrant of quiet enjoyment.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Which statement is correct concerning a quitclaim deed?

a. The only warrant contained in the deed is the warrant of seisin.
b. The grantor cannot transfer ownership under a quitclaim deed.
c. A quitclaim deed transfers temporary title.
d. It may be used to cure defects in title.

A

d. It may be used to cure defects in title.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What type of deed is most commonly used?

a. special warranty
b. general warranty
c. quitclaim
d. bargain and sale

A

b. general warranty

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

An individual who dies leaving no will has died

a. in default.
b. intestate.
c. in bond.
d. escheat.

A

b. intestate.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

A person appointed by court to act for a decedent is called a

a. referee.
b. benefactor.
c. personal representative.
d. relative.

A

c. personal representative.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

A valid deed is required to be

a. notarized.
b. recorded.
c. witnessed.
d. acknowledged.

A

c. witnessed.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Zoning is an example of which government limitation over private property rights?

a. police power
b. eminent domain
c. escheat
d. taxation

A

a. police power

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

An attorney’s opinion of title

a. guarantees the title.
b. guarantees the authenticity of the documents.
c. is the same as title insurance.
d. is rendered after an examination of an abstract.

A

d. is rendered after an examination of an abstract.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

To obtain title by adverse possession requires

a. possession of the property for 1 month.
b. paying taxes on the property for 2 years.
c. notorious, open, hostile, adverse and exclusive possession of the property for 7 or more consecutive years.

A

c. notorious, open, hostile, adverse and exclusive possession of the property for 7 or more consecutive years.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What type of notice is considered to be the best proof of ownership?

a. actual
b. constructive
c. implied
d. expressed

A

b. constructive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What type of deed is used by the government to transfer property to an individual?

a. general warranty
b. quitclaim
c. unit
d. patent

A

d. patent

How well did you know this?
1
Not at all
2
3
4
5
Perfectly