Unit 6

Question 1

The owner who transfers title is called the grantor, and the person who acquires title is called the grantee.

Answer 1

True

Question 2

A title is not considered transferred until the deed is actually delivered to and accepted by the grantee. The grantor must deliver the deed to the grantee personally.

Answer 2

False

Question 3

In order to establish title by adverse possession, there must be proof of an exclusive, nonpermissive use that is ONCHA—open, notorious, continuous, hostile, and adverse to the true owner’s interest—for the statutorily prescribed period.

Answer 3

True

Question 4

Title to property may be transferred without the owner’s consent by involuntary alienation.

Answer 4

True

Question 5

The person who makes a will is called a testator.

Answer 5

True

Question 6

An oral will is called a holographic will.

Answer 6

False

Question 7

When conveying interests in real estate using a quitclaim deed, the extent of promises given by the grantor to the grantee are

Answer 7

None

Question 8

A grantee who wants to obtain merchantable title via a valid deed should make sure the deed has all of the following EXCEPT

Answer 8

a recording stamp after closing.

Question 9

Title to real estate may be transferred during a person’s lifetime by

Answer 9

involuntary alienation.

Question 10

When a corporation transfers ownership of property, the deed must be signed by

Answer 10

an authorized officer.

Question 11

In legal terminology, the property owner is

Answer 11

the devisor, grantor, lessor, and mortgagor.

Question 12

Real estate that is inherited from a person who died testate is called

Answer 12

a devise.

Question 13

A modification to a will is called

Answer 13

a codicil.

Question 14

All of the following are true of deeds EXCEPT

Answer 14

they guarantee ownership.

Question 15

Any limitations or reservations that a grantor intends to make part of a conveyance of real estate should be

Answer 15

included in the deed.

Question 16

Which of the following would convey an owner’s interest in real property?

Answer 16

Deed

Question 17

An individual who makes a claim to certain property, takes possession of it, and most important, uses it, and takes title away from an owner who fails to use or inspect the property for a period of years

Answer 17

has acquired the title through adverse possession.

Question 18

The person who makes a will is called

Answer 18

the testator.

Question 19

A valid deed must have

Answer 19

recital of consideration.

Question 20

Title to property may be transferred without the owner’s consent by

Answer 20

involuntary alienation.

Question 21

A form authorizing one person to execute documents for another is called

Answer 21

a power of attorney.

Question 22

Eminent domain and escheat are two examples of

Answer 22

involuntary alienation.

Question 23

The type of deed that imposes the least liability on the grantor is

Answer 23

a quitclaim deed.

Question 24

A bank wants to convey title to a foreclosed property but does not want to give any title warranties or have any future claims or liabilities. Which type of deed should the bank use?

Answer 24

Quitclaim deed