Property

Question 1

Valid deed reqs (WDGIS)

Answer 1

1) be in writing, 2) sufficiently describe land, 3) identify grantor and grantee, 4) intent to convey land, 5) signed by grantor.

Question 2

Adverse possession

Answer 2

Open (and notorious)

Continuous (possession average owner would make on property)

Exclusive (not sharing with true owner)

Actual

Non-permissive (hostile and adverse)

Question 3

Notice statute

Answer 3

BFP prevails over prior grantee w/o recording

Question 4

BFP

Answer 4

Purchaser that takes for valuable consideration and without notice of prior claim at time of conveyance

Question 5

Types of notice

Answer 5

1. Actual: what purchaser actually knows
2. Record: prior deed recorded in grantee’s chain of title
3. Inquiry: what purchaser would’ve discovered by inspecting property

Question 6

Interests that arise by law

Answer 6

Ex. adverse possession, prescriptive easements. Subsequent purchasers take subject to

Question 7

Joint tenancy

Answer 7

Conveyance to two or more persons at the same time, by the same instrument, of the same interests, giving them identical rights to possession of the property

Question 8

Shelter rule

Answer 8

Person who takes from a BFP will prevail against interest that the transferor-BFP would have prevailed against, even if BFP had notice