quiz 6 Flashcards
(41 cards)
The two requirements which must be met when government exercises its right under eminent domain are?
Proposed use must be public and the owner must be just compensated.
A quitclaim deed conveys which of the following?
A grantor’ interest, if any, in a property.
Betty Barstool sold a parcel of land to Eileen Slightly and gave a quitclaim deed. What is/are the warranty/ warranties under such a deed?
Neither A nor B.
If a deed were made to Amy and she died prior to delivery, which of the following would be true?
The deed would be invalid.
A quick and violent change in the course of a stream will?
Neither 1 nor 2.
The sudden removal of land from one owner to another when a stream changes its channel is?
Avulsion.
Sam Smooth conveyed a parcel of land by deed to Vera Slick, warranting only against defects in title occurring by, from, or under his ownership of the land he conveyed by?
Special warranty deed.
Clarence Cadaver, a single person, owned a parcel of land. Subsequent to Cadavers death, the probate court determined the decent of the parcel of land in accordance with the state statutes. Cadaver, therefore, died?
Intestate.
he clause in a deed defining the interest or estate granted or the extent of the ownership granted is the?
Habendum clause
In a sale by contract for deed, the buyer?
Has equitable title to the property, is entitled to a conveyance of the legal title when all payments have been made.
he covenant against encumbrances in a deed of conveyance warrants agains
Zoning ordinances that limit the use of the land.
he two requirements which must be met when government exercises its right under eminent domain are?
Proposed use must be public and the owner must be just compensated.
Four warrants or covenants of the general warranty deed are as listed below. Which one is the covenant of seize?
Grantor owns the property and has good right and power to convey it.
The deed form that creates the greatest potential liability to the grantor is the?
General warranty deed
A valid deed must
Describe the property, name the grantor, name the grantee.
In the typical contract for deed, the buyer has which of the following duties
Payment of taxes, insuring the property, maintenance.
Which of the following best describes the covenant of quiet enjoyment
The grantor assures that the title is good against the title claims of third parties.
Four warrants or covenants of the general warranty deed are as listed below. Which one is the covenant of seize?
Grantor owns the property and has good right and power to convey it.
The deed form that creates the greatest potential liability to the grantor is the?
General warranty deed.
In order to be valid and enforceable conveyance, there are certain things that must be contained in the deed. Which of the following would be needed?
A granting clause, signature of the grantor.
Sam Francisco lived in California and died there. He owned some real property in Oklahoma. His heirs have become involved in a dispute regarding his Oklahoma real estate holding. Which of the following is correct?
The law of Oklahoma where the property is located will prevail.
Involuntary alienation of an estate means?
The ownership of the estates may be transferred by operation of law.
All of the following are essential elements in a valid deed EXCEPT the?
Grantee’s signature.
A general warranty deed?
Is also called a full covenant and warranty deed, protects the grantee “ against the world”.