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Transferring & Recording

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Transferring & Recording
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who possesses all ownership interests in real property owns

equitable title to the real property.
legal title to the real property.
equitable and legal title to the real property.
statutory title to the real property.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The question of who owns the title of a property is generally a function of

who has a bill of sale for the property.
who has physical possession of the property.
who has the best evidence of ownership.
who has the deed for the property.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes actual notice?

It is notice published in the news paper.
It is knowledge one could have or should have obtained.
It is notice explicitly stated in a legal document.
It is knowledge received or imparted through direct experience.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes constructive notice?

It is notice published in the news paper.
It is knowledge one could have or should have obtained.
It is notice explicitly stated in a legal document.
It is knowledge received or imparted through direct experience.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Title can be voluntarily transferred by

grant, deed, and will.
escheat, deed, and covenant.
title certificate, will, and deed.
sale contract, deed, and warrant of seizin.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owner of a property creates a deed, leaving the name of the grantee blank, and puts it in a drawer, where it is forgotten for several years. One day, a visitor finds the deed, fills in his name as grantee, and attempts to record it. However, the owner will probably have no trouble disputing the validity of the deed because

the grantee is not competent at the time of delivery.
there was no intent to deliver it, and no consideration was given.
the grantee did not sign it at the time of execution.
it was not accompanied by a transfer certificate.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the function of recording a deed?

It makes the deed valid.
It causes title to pass.
It gives constructive notice of ownership.
It removes all prior recorded encumbrances.

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