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Terms > Title Transfer > Flashcards

Title Transfer Flashcards

1
Q

Voluntary alienation; conveyance title by sale or gift.

A

Voluntary Transfer

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2
Q

Voluntary transfer in which the government gives land to a private party ex. land grants

A

Public Grant

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3
Q

Voluntary transfer in which-title is transferred from one private party to another private party.

A

Private Grant

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4
Q

Voluntary transfer in which title is transferred as a gift from a private owner to the government; ex Subdivider may dedicate an area of a subdivision to the city for parks, streets, etc.

A

Public Dedication

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5
Q

A written instrument by which title to real property is transferred.

A

Conveyance or Deed

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6
Q

Guarantees that the title is good

A

Warranty Deed

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7
Q

Gives the best guarantee of title; guarantees title before and during the time of the seller owned the property

A

Sale with Warranty or General Warranty Deed

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8
Q

Guarantees the title only for the time the seller actually owned the property.

A

Special Warranty Deed

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9
Q

Makes no guarantee; the grantor simply states that he has no claim on the title.

A

Sale without Warranty or Quitclaim Deed

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10
Q

Better than a quitclaim but not as good as a warranty deed; has no explicit guarantees but does imply title is good

A

Bargain and Sale Deed

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11
Q

Insures that the grantor has done nothing to encumber the title; this effectively turns it into a special warranty deed

A

Bargain and Sale with Covenant

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12
Q

Transfer without the owner’s consent.

A

Involuntary Transfer

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13
Q

The right to take private property for public use

A

Eminent Domain

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14
Q

The action of taking private property for public use.

A

Expropriation or Condemnation

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15
Q

When an owner dies with no will and no heirs, his property reverts to the state.

A

Escheat

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16
Q

Claiming title by possession of the property for a statutory number of years
10 years in good faith, 30 years in bad faith

A

Aquisitive prescription or Adverse Possession

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17
Q

A formally prepared will, witnessed and signed

A

Notarial Will

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18
Q

Entirely in the testator’s own handwriting, dated and signed, but not witnessed.

A

Olographic Will or Holographic Will

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19
Q

Made orally by testator who is near death.

A

Nuncupative Will

20
Q

In writing, signed, sealed and notarized with 3 witnesses

A

Mystic Will

21
Q

One who dies having a will

A

Testate

22
Q

When there is no will.

A

Intestate

23
Q

One who inherits property in a will.

A

Legatee

24
Q

A court proceeding which establishes the validity of the will and allows the instructions of the will to be carried out.

A

Succession or Probate

25
Q

Appointed in the will to carry out the instructions of the will

A 
Executor = male
executrix = female
26
Q

A person appointed by the court to carry out the instructions of the will

A

Administrator

27
Q

Property transferred by will

A

Devise

28
Q

The person to whom such property is transferred.

A

Devisee

29
Q

In Louisiana a portion of the estate must go to the children 23 years or younger

A

Forced Heirship

30
Q

1/4 if one child, 1/2 if 2 or more children.

A

Forced Portion

31
Q

the children of a deceased parent.

A

Naked Owners

32
Q

the right to sell or mortgage the property

A

Abusus

33
Q

3/4 if one child, 1/2 if 2 or more children.

A

Disposable Portion

34
Q

Acquiring property through natural causes or acts of God

A

Transfer by Accession

35
Q

Transfer by accession whereby there is a gradual increase in the size of the property as the result of some natural or artificial process

A

Accretion

36
Q

The deposits created by accretion

A

Alluvion

37
Q

Transfer by accession caused by exposure of land due to receding water

A

Reliction

38
Q

Transfer by accession caused by the soil wearing away

A

Erosion

39
Q

Transfer by accession from artificial means such as improvements or fixtures

A

Attachment

40
Q

Recording something in the public records

A

Constructive Notice

41
Q

First hand information such as telling someone face to face

A

Actual Notice

42
Q

A statement that an act was done of the person’s free will.

A

Acknowledgment

43
Q

An opinion based on examination of the history of the title of a property

A

Attorney’s Opinion

44
Q

A brief summary of all recorded instruments which affect the title

A

Abstract of Title

45
Q

A continuous linking of ownership

A

Chain of Title

46
Q

Offers financial protection if the title is not good.

A

Title Insurance

Terms (9 decks)

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