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11 Cards in this Set

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will

the deposition of one's property to take effect after death.

Venue

the place where a notary takes an affidavit or acknowledgement. every affidavit or certificate of acknowledgement should show on its face the venue of notarial act. The venue is usually set forth at the beginning of the instrument or at the top of the notarys jurat, or official certification, as follows: "state of new york, county of ( new york) ss.: " section 137 of the executive law imposes the duty on the notary public to include the venue of his act in all certificates of acknowledgement of jurat to affidavits.

take an acknowledgement

the act of the person named in an instrument telling the notary public that he is the person named in the instrument and acknowledging that he executed such instrument; also includes the act of the notary public in obtaining satisfactory evidence of the identity of the person whose acknowledgement is taken.



the notary public " certificate to the taking of the acknowledgement" when the notary sign his official signature to format setting forth the fact of he taking of acknowledgement

swear

this term includes everything mode authorized by law for administering an oath.

sunday

a notary public may administer an oath or take an affidavit or acknowledgement on sunday. However, a deposition cannot be taken on Sunday in a civil proceeding.

Subordination clause

a clause which permits the placing of a mortgage at a later date which take priority over an existing mortgage.

statue of limitations

a law that limits the time within which a criminal prosecution or a civil action

statute of frauds

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

statue

a law established by act of legislature.

Misdemeanor

any crime other than a felony.

Mortgage on real property

an instrument in writing, duly executed an delivered that creates a lien upon real estate as security for the payment of a specified debt, which is usually in the form of bond