Transferring & Recording

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.

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.

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.

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.

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.

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.

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.

The only clause that is actually required in a deed is the

• habendum clause.
• granting clause.
• reserving clause.
• tenendum clause.

The type of deed that offers the grantee the fullest protection against claims to the title is the

• general warranty deed.
• special warranty deed.
• quitclaim deed.
• bargain and defend deed.

Why would the property owner file a quiet title suit?

• To force the grantor to defend the title against a third party claim.
• To terminate a co-ownership state when one co-owner is unwilling.
• To keep the owner's name out of the title records.
• To have an encumbrance removed if the lienholder cannot prove its validity.