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15 Cards in this Set

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  • Back
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Which of the following is the best definition of encumbrance?
a. The degree, quantity, nature, and extent of interest that a person has in real property
b. Anything that affects or limits the fee simple title to or value of property
c. The use of property as security for a debt
d. Any action regarding property, other than acquiring or transferring title
b. Anything that affects or limits the fee simple title to or value of property
The form of encumbrance that makes specific property the security for the payment of a debt or disc harge of an obligation is called as:
a. reservation
b. fief
c. lien
d. quitclaim
c. Lien
A recorded abstract of judgement is classified as a(n) _________________ lien.
a. equitable
b. involuntary
c. inferior
d. superior
b. involuntary
Recording a lis pendens
a. does not affect the title
b. clouds the title but does not affect marketability
c. clouds the title and affects marketability
d. affects the current owner but not a subsequent owner
c. clouds the title and affects marketability
The owner of an apartment building does not declare the income from the rental units. The IRS field a government tax lien as a result of the omission. This is called a:
a. voluntary lien
b. general lien
c. judgment lien
d. none of the above
b. general lien
The personal, revocable, unassignable permission to use the proeprty of another without a possessory interest in it is called a(n):
a. license
b. easement
c. encroachment
d. option
a. license
Roger, who owns a ranch, gave Sam who owns no property, a non-revocable right to crss his ranch to fish in the stream. Sam has a(n):
a. easement in gross
b. license
c. easement apprutenant
d. easement by perscription
a. easement in gross
Private restrictions on land can be created by deed:
a. only
b. or written agreement
c. easement appurtenant
d. easement by prescription
b. or written agreement
Alienation of title to real property most nearly means to:
a. cloud the title
b. encumber the title
c. record a homestead
d. convey or transper title and possession
d. convey or transper title and possession
To be binding on a buyer and a seller, a deed to transfer real property must be:
a. recorded
b. delivered and accepted
c. acknowledged
d. all of the above
b. delivered and accepted
A grant deed is considered executed when it isL
a. recorded by the grantee
b. signed by the grantor
c. acknowledged by the grantee
d, dekuvered by the grantor
b. signed by the grantor
Effective delivery of a deed depends on:
a. the intention of the grantor
b. recording the deed
c. knowledge of its existence by the grantee
d. acknowledgement of the grantor's signature before a Notary Public
a. the intention of the grantor
Dana sold a property to Kim, who did not record the deed but did occupy the premises. Dana then sold the same property to Lee, who did not inspect the property but did record the deed. After the second sale, who would have legal title to the property?
a. The title would revert to Dana as the remainderman
b. The title would remain with Kim
c. The title would be Lee's due to Kim's failure to record his deed.
d. Lee would be able to sue Kim for his failure to record his deed
b. The title would remain with Kim
An owner of a parcel of real property gave his neighbor a deed conveying an easement for ingress and egress. the easement was not specifically located in the deed. Under the circumstances, the neighbor's right to use the easement is:
a. enforceable because the location of the easement does not need to be specified
b. enforceable only if the easement is and easement in gross
c. unenforceable because the location of the wasement must be specified
d. unenforceable beacuse easements are never created by deed, only by written agreement
a. enforceable because the location of the easement does not need to be specified
Which of the following actions is a quite title action?
a. Court action to foreclose
b. Court action in ejectment
c. Police action to quiet a noisy neighbor
d. Court action to remove a cloud on title
d. Court action to remove a cloud on title