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10 Cards in this Set
- Front
- Back
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Shamus McManus purchased property from Sir Ian Wainwright under early English common law. Which of the following were acceptable methods of property transfer?
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a) The transfer of a rock, some dirt, or a branch of a tree (feoffment).
b) Livery of Seizin, the actual delivery of possession of the property. c) A statement made in front of witnesses in sight of the land, and the new owner's entry onto that land. d) All of the above. |
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Jeffrey is selling his loft to Caroline. He is using a General Warranty Deed in the transfer of property. Which of the following covenants is not a requirement?
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a) Covenant of Seisin
b) Covenant Against Encumbrances c) Covenant of Exceptions and Reservations d) Covenant of Further Assurance |
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Which of the following is not considered a basic real estate deed?
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a) General Warranty
b) Bargain and Sale c) Special Warranty d) Trustee's |
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Chandra is selling her condo to Fabian. Chandra's deed explains the property has been clear since her ownership. However, she cannot guarantee that is the case prior to buying the condo. Which deed covers this situation?
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a) Bargain and Sale
b) Special Warranty c) General Warranty d) Grant |
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Chandra and Fabian have heard that it is unnecessary to record a deed. Is this accurate?
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a) No, it is necessary and required to record a deed. The deed will not be valid unless it is signed, recorded, and notarized by a notary public.
b) Yes, it is not necessary for a deed to be recorded. It is still valid and presumed to have been delivered without such recording. c) Yes, it is not necessary for a deed to be recorded. However, recording is advisable to protect the ownership interests of the grantee, establish priority, provide a record, and convey the transfer of title. d) No, it is necessary and required to record a deed. If it is not recorded, the first to record the deed is considered the first in right to the property. |
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The signature of a notary public is known as:
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a) Attestation
b) Acknowledgment c) Alienation d) Testimonium |
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Maya, who lives in California, just purchased her first home at a foreclosure sale. She was given a deed at the sale. What type of deed was she given?
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a) Tax Deed
b) Grant Deed c) Sheriff's Deed d) Trustee's Deed |
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Which of the following deeds are not really deeds at all?
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a) Trustee's Deed
b) Land Patent c) Trust Deed d) Both B and C |
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Melinda is selling her home to Trevion. The deed, conveying the property, will be a general warranty deed. Who is the Grantor? Who is the Grantee in the transaction?
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a) Trevion is the Grantor. Melinda is the Grantee.
b) Melinda is the Grantor. Trevion is the Grantee. c) Melinda is the Grantor. The home is the Grantee. d) Trevion is the Grantee. The home is the Grantor. |
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Which of the following statements in reference to a deed is untrue?
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a) The deed transfers ownership only one time.
b) In a deed, alienation is another term for transfer or convey. c) A deed must be recorded in order to be valid. d) The primary variation in the different types of deeds are the promises made by the grantor. |
