Banking Securities - land

Banking Securities - Land (part 1)

Multiple Choice

National Land Code 1965 applies to whole Malaysia

• True

• False

Multiple Choice

The land in Malaysia is governed by __________ legislation and operated under ___________ system.

• 5, Torrens

• 4, Torrens

• 4, English Common Law

Multiple Choice

The basic principle underlying the Torrens System is that all dealings in land must be __________ in order to be effective.

• Indefeasible

• Proven

• Registered

Multiple Choice

A bought a house from B. Upon settling the proceeds of the purchase, B surrender the title deed of the house to A. Is A currently considered as the registered owner of the house?

• Yes

• No

Multiple Choice

A bought a house from B. Upon settling the proceeds of the purchase, B surrender the title deed of the house to A. Then, A presented the title deed at the land authority to change the owner's name from B to A. Is A currently considered as the registered owner of the house?

• Yes

• No

Multiple Choice

If A is currently the registered owner of the house and A did not offer the house as security for any borrowing, can we consider A as having an indefeasible interest or claim over the house?

• Yes

• No

Multiple Choice

If A is currently the registered owner of the house while XYZ bank is currently the registered chargee of the house. Can we consider A as having indefeasible claim or interest over the house?

• Yes

• No

Multiple Choice

If A is currently the registered owner of the house and XYZ bank has dicharged the charge against the house, can we consider A as having absolute indefeasible interest or claim over the house?

• Yes

• No

Multiple Choice

Under which situation may a registered interest be defeated?

• Void Instrument

• Forgery

• Fraud

• Misrepresentation

• All of the above

Multiple Choice

I am a Chinese, which of the following land I am eligible to purchase?

Multiple Choice

I am a Chinese but I have converted to Muslim and my name is Nizul bin Abdullah, which of the following land I am eligible to purchase?

Multiple Choice

Which of the following is considered a leasehold land?

Multiple Choice

Which of the following title can be granted a loan?