Chapter 4 Flashcards
All of the following are methods of title assurance EXCEPT:
A. color of title.
B. title insurance.
C. covenants of title in the deed
D. title examination by an attorney.
A) color of title
Voluntary alienation during life occurs only in which of the following ways?
A. will
B. foreclosure sale
C. deed delivery
D. devise
C) deed delivery
Essential elements of a valid deed include all of the following EXCEPT?
A. acknowledgment.
B. writing.
C. competent grantor.
D. execution by grantor.
A) acknowledgment
The purpose of a deed’s being acknowledged is to:
A. make the deed valid.
B. make the deed eligible for delivery.
C. make the deed eligible for recording.
D. identify the grantee with certainty.
C) make the deed eligible for recording
Which type of notice is provided by recording?
A. actual
B. reasonable
C. protective
D. constructive
D) constructive
Recording provides constructive notice to the public.
Of the following types of deed, which provides the grantee with the greatest assurance of title?
A. special warranty
B. deed of confirmation
C. grant deed
D. general warranty
D) general warranty
A general warranty deed offers the highest level of protection to the grantee.
Which of the following covenants assures the grantee that the grantor has the legal capacity to transfer title?
A. covenant of quiet enjoyment.
B. covenant of right to convey.
C. covenant of seisin.
D. covenant of warranty.
B) covenant of the right to convey
The covenant of right to convey is essential in real estate transactions.
Which type of deed is typically used where one is releasing any interest he/she may have in a parcel of real estate?
A. quitclaim deed
B. special warranty deeds
C. grant deed
D. general warranty deeds
d interest without guaranteeing title.
A) quitclaim deed
A quitclaim deed is often used to transfer any claim
A general warranty deed and a quitclaim deed are equally suitable for which of the following?
A. judicial deed.
B. deed of confirmation.
C. official deed
D. deed of gift.
D) deed of gift
A grantor left a deed for the grantee to find after the grantor’s death. The result was to:
A) convey the title during the grantor’s life
B) convey the title after the grantor’s death
C) have the title automatically escheat to the state
D) none of the above
D) none of the above
The type of deed used to remove a mortgage lien when the debt is satisfied is a :
A) deed of surrender
B) grant deed
C) deed of release
D) special warranty deed
C) deed of release D
If the covenants in a general warranty deed are broken, the grantee’s remedy is which of the following?
A) Sue the grantor for damages in the amount of the loss up to the amount of the purchase price only.
B) require the grantor to execute a deed of confirmation only.
C) both sue the grantor for damages in the amount of the loss up to the amount of the purchase price and require the grantor to execute a deed of confirmation.
D) none of other above
A) Sue the grantor for damages in the amount of the loss up to the amount of the purchase price only.
The covenants in a general warranty deed will protect the grantee:
A) against the lawful claims of “all persons whomsoever”
B) only against the lawful claims arising from the grantor’s period of owenership
C) only if the grantee acquires a valid title insurance policy
D) never; the general warranty deed provides no protection from the grantor to the grantee
A) against the lawful claims of “all persons whomsoever”
A claim of title by adverse possession maybe defeated by the property owner by which of the following:
A) permission
B) confirmation
C) will
D) condemnation
A) permission
The type of deed that guarantees the title only against defects that were created during the grantor’s ownership is which of the following:
A) general warranty
B) special warranty
C) surrender
D) release
B) special warranty
Which of the following statements regarding a title examination is correct?
A) the purpose of the title examination is to reassure the purchaser the seller had good and marketable title
B) to determine if there are any items, recorded or not, that might negatively impact the seller’s title
C) the purpose is to determine the quality of title
D) the title examination only includes items related to title and does not typically include liens or property tax matter
C) the purpose is to determine the quality of title
The successive conveyances of a title are called:
A) releases
B) remises
C) links in the chain of title
D) abstracts of title
C) links in the chain of title D
A title insurance policy can be written to protect all of the following EXCEPT:
A)owner
B) seller
C) lessee
D) mortgagee
B) seller
A title insurance policy protects the insured against loss caused by:
A) defect in the title existing at the time the insured acquired title.
B) defect in the title created during the insured ownership
C) defect in the title created after the insured’s ownership
D) all of the above
A) defect in title existing at the time the insured acquired title.
With reference to the mete and bounds property description which of the following is correct?
A) it is a description by distance and directions
B) it is the primary method of description used in the original 13 colonies
C) it must have a point of beginning
D) all of the above
D) all of the above
Of all the following types of deed, which provides the grantor with the greatest liability.
A) special warranty
B) deed of confirmation
C) grant deed
D) general warranty deed
D) general warranty deed
In a metes and bounds description the description must close, that is it must do which of the following
A) end at thee northeast corner of property
B) end at the point of beginning
C) end at a known government marker
D) none of the above
B) end at the point of beginning
Lucy landlord owns a house that she leases to Tim tenant. Which of the following estates in real property exists during the time of Tim Tenant lease?
A) leasehold estate
B) freehold estate
C) neither a leasehold and freehold estate
D) both a leasehold and freehold estate
D) both leasehold and freehold estate
A property description has a point of beginning:
A) government rectangular system
B) legal
C) points and calls
D) Mete and bounds
D) metes and bounds
