Terms Flashcards

1
Q

Acknowledgement

A

a formal declaration before an authorized officer by a person described in and who has executed the instrument that the execution is their act and deed (more info in notes)

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2
Q

Administrator

A

A person appointed by the court to manage the estate of a deceased person who left no will

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3
Q

Affidavit

A

a signed statement, duly sworn to by the maker before a notary public or other officer authorized to administer oaths (more info in notes)

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4
Q

Affiant

A

The person who makes and subscribes his signature to an affidavit (check notes)

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5
Q

Affidavit

A

a signed statement that is sworn to by the person that made it before a np or other officer authorized to make oaths (check notes)

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6
Q

Affirmation

A

a solemn declaration made by persons who carefully decline taking an oath

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7
Q

Apostile

A

Department of State authentication attached to a notarized and country-certified document for international use; issued by sos and attached to the document that has already been certified by the cc

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8
Q

Attest

A

When a person who is a witness to the creation of a document, that person can stste that fact by “attesting” that they were present

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9
Q

Authentication (Notarial)

A

a notarized document may be “authenticated” by a cc. An “authentication certificate” is attached to the document and is referred to as a “County Clerk’s Certificate”.

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10
Q

Attestation clause

A

as it relates to wills, attestation clause located at the end of a will is where witnesses attest that they were present at the time the will was executed (see notes)

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11
Q

Bill of sale

A

a written instrument given to pass title of personal property from

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12
Q

Certified copy

A

a copy of a public record signed and certified as a true copy by the public official who has custody of the original (see notes)

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13
Q

Chattel

A

personal property, such as household goods or fixtures

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14
Q

Chattel paper

A

a contract or written obligation to pay for personal goods

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15
Q

Codicil

A

part of a will that is added after the will is executed (prepared); it is attached to the will and modifies it

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16
Q

Consideration

A

anything of value that is given as an inducement for someone to enter into a contract; can be real property or services

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17
Q

Contempt of court

A

disrespectful behavior to the authority of a court that disrupts proceedings

18
Q

Contract

A

an agreement between parties to do or not do certain things for a legal consideration

19
Q

Conveyance (deed)

A

every instrument, in writing, except a will, by which any estate or interest in real property is created, transferred, assigned or surrendered

20
Q

Deponent

A

a person who subscribes (signs) a deposition under oath; same as affiant

21
Q

Deposition

A

testimony taken out of court and in front of a public official such as a notary; intended to be used at a trial or hearing

22
Q

Duress

A

unlawful constraint exercised upon a person whereby he is forced to do some act against his will

23
Q

Escrow

A

giving an instrument to a person who holds it until a designated action occurs then it is given to a third person; person sells house-attorney holds money until require repairs are made-when made, the money is released to the agreed upon party

24
Q

Executor

A

person appointed to handle the affairs of the decedent who had a will

25
Q

Ex Parte (from one side only)

A

a hearing or examination in the presence of, or on papers filed by one party and in the absence of the other

26
Q

Jurat

A

the part of the affidavit which contains the np certification that the instrument was duly sworn to in front of the np

27
Q

Lien

A

the attachment of a legal claim on property until the debt on the property is satisfied

28
Q

Laches

A

the delay or negligence in asserting’s one’s legal rights

29
Q

Notary Public

A

a public officer commissioned by NYS sos who is empowered among other things to administer oaths and affirmations and take acknowledgements of deeds or other instruments

30
Q

Oath

A

a verbal statement of the truth of the statements made by the person taking the oath

31
Q

Proof

A

the formal declaration of a witness to the execution of an instrument that he knew the person described in and who executed the instrument and that they saw that person execute the instrument

32
Q

Protest

A

a written statement by a np that a note or bill was presented for acceptance or payment and that such payment or acceptance was refused

33
Q

Seal

A

a notary may use a seal but it is not required; if used, it needs to identify their name and the words “Notary Public for the State of New York”

34
Q

Signature of notary public

A

a np must sign with the same name under which the was appointed

35
Q

Statute of frauds

A

state law which provides that certain contracts must be in writing or partially complied with in order to be enforceable by law

36
Q

Subordination clause

A

a clause in a contract that permits one mortgage to take priority over another

37
Q

Sunday

A

a np may administer an oath, take an affidavit, or acknowledgement on Sunday but not a deposition in a civil proceeding

38
Q

Taking an acknowledgement

A

the process of a np checking the identity of the person; a np takes and acknowledgement when a person named in the instrument informs the np that he is that person and that he did execute the instrument

39
Q

Commissioner of deeds

A

a public officer similar to a np who may administer oaths and take acknowledgements or proofs of deed and other documents in NYC

40
Q

Incorporation

A

the legal process used to form a corporate entity or company from a sole proprietorship or general partnership