Vocabulary

Question 1

Acknowledgment

Answer 1

is an act by which a Notary certifies that they have legally identified a document signer who personally appeared before the Notary.

Question 2

Administrator

Answer 2

Is a court appointed person who has the legal right to administer (Manage) the affairs of a decedent (or diseased person) with regards to the assets of said person’s estate when no will or executor was named.

Question 3

Affiant

Answer 3

Person who signs an affidavit (when a notary is completing a jurat and the person is swearing or affirming the document they are an affiant).

Question 4

Affidavit

Answer 4

An affidavit is a sworn or written statement signed before a notary public by a public official who can administer an oath or affirm to the Notary that the statement is true to the best of the signer’s knowledge by placing a signature and finishing the jurat. It is made under penalty of perjury. (In CA a notary can put a person under Oath.)

Question 5

Bill of Sale

Answer 5

A Legal document made by a seller that is then given to a purchaser that reports that on a specific day, location, and for a sum of money, the seller sold an item to the purchaser.

Question 6

Chattel

Answer 6

Are a Person’s possession other than real property (EX: Items in a garage or storage NOT property or land)

Question 7

Chattel paper

Answer 7

A Written Obligation to pay money for a specific item us referred to as a chattel paper

Question 8

Codicil

Answer 8

An addendum or supplemental addition used to alter a pervious will (as it relates to wills).

Question 9

Consideration

Answer 9

Something that is legally bargained for between parties. Examples if consideration would be money, property, and or services.

Question 10

Contempt of court

Answer 10

Commonly referred to as just contempt is an offense or action that is considered disrespectful behavior that defied the authority of the court or hinders a court order.

Question 11

Deponent

Answer 11

A person who makes an Affidavit or deposition under oath (Deponent has the same meaning as Affiant).

Question 12

Deposition

Answer 12

A written statement or testimony, taken out of court used during a lawsuit or trial that contains transcribed words spoken under oath in front of an authorized official or notary public.

Question 13

Duress

Answer 13

Wrongful and typically unlawful threats or other actions that coerce a person to act against their will.

Question 14

Encumbrance

Answer 14

A legal Claim or limitation made on an owner’s property.

Question 15

Escrow

Answer 15

Escrow generally refers to a financial arrangement were a designated third party holds funds or a valuable asset until a condition is met.

Question 16

Executor

Answer 16

When someone with a will passes away, the designated executor named in their will manages and distributes the assets to the listed beneficiaries after the person’s death.

Question 17

Felony

Answer 17

In Criminal Law, a felony encompasses the most serious types of criminal offenses and is more serious that a misdemeanor crime.

Question 18

Grant Deed

Answer 18

A document that transfers ownership of real property from one person or intent to another

Question 19

Legal guardian

Answer 19

Person with the legal authority to manager another individual’s affair.

Question 20

Identification Document

Answer 20

This is the document (can be an ID Passport etc.) that was used to determine a person’s Identification.

Question 21

Judgment

Answer 21

Declares the rights of individuals, including that one party owners money to another and specifying the amount owed. Judgement may be final or temporary.

Question 22

Jurat

Answer 22

is the section of an affidavit that contains the certification that a notary affirms that they have watched the signing og a document prior to giving an oath or official affirmation. Identified by the wording “Subscribing and sworn to (or affirmed) contained in the form in the jurat the notary public certifies:

• That the signer personally appeared before the notary public on the date indicated and, in the county, indicated.
• That the signer signed the document in the presence of the notary public
• That the notary public administered the oath or affirmation: And
• To identify of the signer.

Question 23

Lease

Answer 23

A Lease is a legal agreement (contract) between an owner of a property, piece of land, building, or vehicle and another that allows a renter to use said property for an allotted time in return for a specified fee.

Question 24

Lien

Answer 24

An official order that allows one entity to keep another entity’s property until they are paid money that is owed.

Question 25

Litigation

Answer 25

The act or process of a lawsuit between disputing parties involved in the court of law.

Question 26

Misdemeanor

Answer 26

A crime considered minor in comparison to others or less serious than a felony.

Question 27

Mortgage on Real Property

Answer 27

A legal binding agreement that is used to create a lien on real property until the debt has been paid in full. As the mortgage, the lender has the right to sell the property to pay off the loan if the borrower fails to pay.

Question 28

Oath

Answer 28

A spoken, solemn promise to a supreme entity, a revered person or thing, made before a pledge or the truth of a statement A notary will give an oath (affirming or swearing) to the validity of the document’s contents.

Question 29

Plaintiff

Answer 29

A person who calls for (or starts) a legal case against another in a court of law.

Question 30

Power of Attorney

Answer 30

A legal document that gives an appointed person the authority to act on behalf of someone legal with regards to legal or financial matters.