5 Written questions
5 Matching questions
- Granting Clause
- Special Warranty Deed
- General Warranty Deed
- a Words in deed on conveyance that state the grantor's intention to convey the property at the present time. This clause is generally worded as "convey and warrant"; "grant"; "grant, bargain, and sell"; or the like
- b Formal declaration by someone like a notary that the signature is both voluntary (no force) and genuine (no forgery)
- c 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
- d 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."
- e Deed that offers the most protection in which grantor fully warrants good clear title to the premises
5 Multiple choice questions
- 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
- Tax on the transfer of real property; may require that stamps be attached to deed
- The person who receives a conveyance of real property from a grantor
- A legal process by which a court determines who will inherit a decedent's property and what the estate's assets are
- A gift of real property by will. The donor is the devisor and the recipient is the devisee
5 True/False questions
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
Deed in Trust → 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
Title → A written document, properly witnessed, providing for the transfer of title to property owned by the decease, called the testator.
Vested Interest → A present right, interest or title to property that gives the holder the right to convey it to another, even thought the right might not be enjoyed by one or both of the parties.
Habendum 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