20 terms

Ch. 12 Real Estate

Ch. 12 chapter questions
The basic requirements for a valid conveyance are governed by
a. state law
b. local custom
c. national law
d. the law of descent
a. state law
Every deed must be signed by the
a. grantor.
b. grantee.
c. grantor and grantee.
d. devisee.
a. grantor.
A 15-year-old boy recently inherited many parcels of real estate from his late father and has decided to sell one of them. If the boy entered into a deed conveying his interest in the property to a purchaser, such a conveyance would be
a. valid.
b. void.
c. invalid.
d. voidable.
d. voidable
A form authorizing one person to act for another is called a
a. power of attorney.
b. release deed.
c. quitclaim deed.
d. power to represent.
a. power of attorney.
The grantee receives greatest protection with what type of deed?
a. Quitclaim
b. General warranty
c. Bargain and sale with covenant
d. Executor's
b. General warranty
A man recieves a deed from a woman. The granting clause of the deed states, "i hereby remise, release, alienate, and convey to the man the real property." What type of deed has the man recieved?
a. Special warranty
b. Quitclaim
c. General warranty
d. Bargain and sale
a. Special warranty
Under the covenant of quiet enjoyment, the grantor
a. promises to obtain and deliver any instrument needed to make the title good.
b. guarantees to compensate the grantee if the title fails in the future.
c. warrants that he or she is the owner and has the right to convey title to the property.
d. ensures that the title will be good against the title claims of third parties.
d. ensures that the title will be good against the title claims of third parties.
Which type of deed merely implies but does NOT specifically warrant that the grantor holds god title to the property?
a. Special warranty
b. Bargain and sale
c. Quitclaim
d. Trust deed
b. Bargain and sale
Step 1: A decided to convey a house to B.
Step 2: A signed a deed transferring title to B.
Step 3: A gave the signed deed to B, who accepted it. Step 4: B took the deed to the county recorder's office and had it recorded. At which step did title to the house actually transfer or pass to B?
a. Step 1
b. Step 2
c. Step 3
d. Step 4
c. Step 3
A man signed a deed transferring ownership of his house to a woman. To provide evidence that his signature was genuine, the man executed a declaration before a notary. This declaration is known as an
a. affidavit.
b. acknowledgment.
c. affirmation.
d. estoppel.
b. acknowledgment.
Title to real estate may be transferred during a person's lifetime by
a. devise.
b. descent.
c. involuntary alienation.
d. escheat.
c. involuntary alienation
A woman bought acreage in a distant county, never went to see the acreage, and did not use the ground. A man moved his mobile home onto the land, had a water well drilled, and lived there for 22 years. The man may become the owner of the land if he has complied with the state law regarding
a. requirements for a valid conveyance.
b. adverse possession.
c. avulsion.
d. voluntary alienation.
adverse possession.
Eminent domain and escheat are two examples of
a. voluntary alienation.
b. adverse possession
c. transfers of title by descent
d. involuntary alienation.
d. involuntary alienation
A deed contains a promise that the title conveyed is good and a promise to obtain and deliver any documents necessary to ensure good title. This promise is an example of which covenant?
a. Further assurance
b. Seisin
c. Quiet enjoyment
d. Warranty forever
a. Further assurance
A deed contains a guarantee that the grantor will compensate the grantee for any loss resulting from the title's failure in the future. This is an example of which type of covenant?
a. Warranty forever
b. Further assurance
c. Quiet enjoyment
d. Seisin
a. Warranty forever
A person who has died without a will has died
a. testate.
b. in valid conveyance.
c. intestate.
d. under the acknowledgment clause.
c. intestate.
Title to real estate can be transferred upon death by what type of document?
a. Warranty deed
b. Special warranty deed
c. Quitclaim deed
d. Will
d. Will
An owner of real estate was declared legally incompetent and was committed to a state mental institution. While institutionalized, the owner wrote and executed a will. The owner later died and was survived by a spouse and three children. The real estate will pass
a. to the owner's spouse.
b. to the heirs mentioned in the owner's will.
c. according to the state laws of descent.
d. to the state
c. according to the state laws of descent.
Generally, where does a probate proceeding involving real property take place?
a. Only in the county in which the property is located
b. Only in the country in which the decedent resided
c. In both the county where the decedent resided and the county in which the property is located
d. In the county in which the executor or the beneficiary resides
c. In both the county where the decedent resided and the county in which the property is located
A deed states that the grantors are conveying all their rights and interests to the grantees to have and to hold. This is communicated in the
a. acknowledgment clause.
b. restriction clause.
c. covenant of seisen.
d. habendum clause.
d. habendum clause.