5 Written Questions
5 Matching Questions
- Reconveyance Deed
- Bargain and Sale Deed
- a A person who has made a valid will. A woman often is referred to as a testatrix, although testator can be used for either gender.
- b A deed used by a trustee under a deed of trust to return title to the trustor
- c A legal process by which a court determines who will inherit a decedent's property and what the estate's assets are
- d A deed that carries with it no warranties against liens or other encumbrances but that does imply that the grantor has the right to convey title. The grantor may add warranties to the deed at his or her discretion
- e (1) The right to ownership or the ownership of land. (2) The evidence of ownership of land.
5 Multiple Choice Questions
- One who might inherit or succeed to an interest in land under the state law of descent when the owner dies without leaving a valid will
- A written instrument that, when delivered, conveys title to or an interest in real estate
- Having made and left a valid will.
- Deed that offers the most protection in which grantor fully warrants good clear title to the premises
- A deed in which the grantor warrants, or guarantees, the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before that time, generally using the language, "by, through, or under the grantor but not otherwise."
5 True/False Questions
Deed → One who might inherit or succeed to an interest in land under the state law of descent when the owner dies without leaving a valid will
Transfer Tax → The person transferring title to or an interest in real property to a grantee
Quit Claim Deed → A deed used by a trustee under a deed of trust to return title to the trustor
Vested Interest → An instrument that grants a trustee under a land trust full power to sell, mortgage, and subdivide a parcel of real estate. The beneficiary controls the trustee's use of these powers under the provisions of the trust agreement
Adverse possession → The actual, open , notorious, hostile, and continuous possession of another's land under a claim of title. Possession for a statutory period may be a means of acquiring title