Chapter 9: Title, Deeds & Ownership Restrictions (MC) Flashcards Preview

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Flashcards in Chapter 9: Title, Deeds & Ownership Restrictions (MC) Deck (15):
1

Which instrument transfers title from one individual to another?

a. contract
b. deed
c. warranty
d. covenant

b. deed

2

Title is

a. any instrument that guarantees legal rights.
b. a legal instrument that transfers property from one party to another.
c. the same as ownership.
d. a piece of bond paper.

c. the same as ownership.

3

A warrant in a deed is

a. a disclaimer.
b. a promise made by the grantee.
c. unenforceable.
d. a promise made by the grantor.

d. a promise made by the grantor.

4

Which clause in a deed states the interest being conveyed?

a. habendum
b. reddendum
c. release
d. seisin

a. habendum

5

The warrant in a deed in which the grantor assures the grantee freedom from hostile claims against their ownership is the

a. habendum clause.
b. warrant of seisin.
c. warrant of quiet enjoyment.
d. reddendum clause.

c. warrant of quiet enjoyment.

6

Which statement is correct concerning a quitclaim deed?

a. The only warrant contained in the deed is the warrant of seisin.
b. The grantor cannot transfer ownership under a quitclaim deed.
c. A quitclaim deed transfers temporary title.
d. It may be used to cure defects in title.

d. It may be used to cure defects in title.

7

What type of deed is most commonly used?

a. special warranty
b. general warranty
c. quitclaim
d. bargain and sale

b. general warranty

8

An individual who dies leaving no will has died

a. in default.
b. intestate.
c. in bond.
d. escheat.

b. intestate.

9

A person appointed by court to act for a decedent is called a

a. referee.
b. benefactor.
c. personal representative.
d. relative.

c. personal representative.

10

A valid deed is required to be

a. notarized.
b. recorded.
c. witnessed.
d. acknowledged.

c. witnessed.

11

Zoning is an example of which government limitation over private property rights?

a. police power
b. eminent domain
c. escheat
d. taxation

a. police power

12

An attorney's opinion of title

a. guarantees the title.
b. guarantees the authenticity of the documents.
c. is the same as title insurance.
d. is rendered after an examination of an abstract.

d. is rendered after an examination of an abstract.

13

To obtain title by adverse possession requires

a. possession of the property for 1 month.
b. paying taxes on the property for 2 years.
c. notorious, open, hostile, adverse and exclusive possession of the property for 7 or more consecutive years.

c. notorious, open, hostile, adverse and exclusive possession of the property for 7 or more consecutive years.

14

What type of notice is considered to be the best proof of ownership?

a. actual
b. constructive
c. implied
d. expressed

b. constructive

15

What type of deed is used by the government to transfer property to an individual?

a. general warranty
b. quitclaim
c. unit
d. patent

d. patent

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