Lesson 6 Quiz – Transferring Title

A property owner who possesses all ownership interest owns

equitable title

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legal title

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abstract title

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quiet title

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A mortgage loan transaction gives the lender the right to execute a strict foreclosure, which transfers legal title to the lender in the event of a default. With this contractual right, which type of title does the lender hold?

Equitable title

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Legal title

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Nuncupative title

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Clouded title

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The term “notice” is synonymous with

knowledge

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constructive

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legal

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alienation

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When the transfer of title to real estate uses a written instrument, the transfer is called

a constructive notice

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an actual notice

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a conveyance

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an estoppel

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Which of the following is an example of a voluntary transfer of title to real estate?

Foreclosure

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Escheat

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By deed

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Adverse possession

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Involuntary alienation occurs primarily by the process of

descent and distribution

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public grant

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transfer by will

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reconveyance deed

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A deed is a legal instrument used by an owner. The owner in a conveyance is also known as the

grantor

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grant

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mortgagor

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mortgagee

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Which of the following statements applies if a grantee loses the deed?

The grantor can reclaim the property

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There is no effect on the grantee’s title to the estate

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Whoever finds the deed will automatically own the property

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The grantee will lose the title to the estate by escheat

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Which of the following statements is true regarding the effect of recording a deed?

Recording is necessary to make a deed valid

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Recording is not necessary to make a deed valid

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Recording the deed gives actual notice of the grantee’s ownership

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Recording a deed is not in the grantee's best interest

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The habendum clause

recites restrictions and limitations to the estate being conveyed

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assures the grantor owns the estate to be conveyed

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identifies the property being conveyed

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describes the type of estate being conveyed

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A deed which conveys to the grantee the promise from the grantor that “I own and will defend against my acts only” has received which of the following deeds?

Bargain and sale deed

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General warranty deed

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Special warranty deed

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Quitclaim deed

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Which of the following statements is true about quitclaim deeds?

The quitclaim deed is typically used to clear title rather than convey it

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The quitclaim deed covenant claims that the title will be defended in court

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The quitclaim deed is the same as a special warranty deed

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The quitclaim deed contains the warrant of seisin

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A valid last will and testament for the transfer of real property will generally take which of the following forms?

Holographic

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Undocumented

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Disproved

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Secretively

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A single parent died intestate, leaving four surviving children. In this case, the estate passes to the lawful heirs according to the state’s laws of

escheat

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descent and distribution

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testate probate

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eminent domain

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To claim legal title, the adverse possessor must have

notorious possession

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a sales contract

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an eviction notice

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proof of purchase

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Which of the following prevents a person from claiming a right or interest that is inconsistent with the person’s previous statements or acts?

Estoppel

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Injunction

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Warranty

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Deed

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To demonstrate marketable title to a buyer, a seller must show that the

title is encumbered

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title is free of defects

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property is not located on a floodplain

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property has been advertised

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Generally, an attorney’s title abstract is which of the following?

The attorney’s proof that title has cleared

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The attorney’s guarantee that the property is not encumbered

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The attorney’s opinion of the condition of the property

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The attorney’s opinion of the condition of title

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Which of the following is a summary of the condition of title as of the date of the certificate, based on a search of public records by a title analyst?

Abstract of title

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Equitable title

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Title certificate

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Title insurance

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Which two terms are often used interchangeably?

Equitable title and legal title

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Legal title and title

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Contract for deed and abstract title

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Quiet title and legal title

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