5 Written questions
5 Matching questions
- Deed in Trust
- Bargain and Sale Deed
- a A written instrument that, when delivered, conveys title to or an interest in real estate
- b 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
- c A legal process by which a court determines who will inherit a decedent's property and what the estate's assets are
- d The person who receives a conveyance of real property from a grantor
- e 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
5 Multiple choice questions
- 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
- 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."
- Having made and left a valid will.
- 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.
- Formal declaration by someone like a notary that the signature is both voluntary (no force) and genuine (no forgery)
5 True/False questions
Granting Clause → "To have and to hold" clause in a deed defining the extent of ownership bing granted; i.e., a life estate or a defeasible fee
General Warranty Deed → A deed in which the grantor fully warrants good clear title to the premises. Used in most real estate deed transfers, a general warranty deed offers the greatest protection of any deed
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
Heir → 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
Grantor → The person transferring title to or an interest in real property to a grantee