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Notarial Practice (LP4805) exam pack 2021 mcq
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Notarial Practice (LP4805) from mcq with answers 2021 super semester
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LPL4805 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024
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Question 1Upon termination of a servitude, what happens to the rights that were bestowed upon the servitude holder?
1) When a servitude is terminated, no rights are transferred back to the owner. The restriction merely falls away and the
ownership of the owner is restored to its full extent.
2) When servitude is terminated, the restriction that was placed on the property merely falls away and the ownership of
the owner is never restored to its full extent.
3) The owner of the property can claim restoration of his or her full title over the property.
4) When a servitude is terminated, rights are transferred to the new servitude holder.
Question 2
Over what kind of property may the registrar of deeds register leases?
1) The registrar of deeds may register leases over movable and immovable property.
2) Section 3(1)(p) of the Deeds Registries Act authorises the registrar of deeds to register notarial leases of land.
3) The registrar of deeds may register notarial leases over corporeal and incorporeal property.
4) The registrar of deeds may register leases over any available property of the lessor.
Question 3
Which one of the following is a key element of a trust?
1) A trust is not a separate entity from the trustee.
2) A trust cannot function without the involvement of its founder.
3) A trust is not an entity; it has no independence whatsoever.
4) A trust must function as an independent, autonomous entity.
Question 4
X is the owner of a farm that is subject to his mother’s usufruct. X sells the farm to Y. Before transfer can take place, X’s
mother waives her usufruct. Will X’s mother have to pay transfer duty on the waiver of her right?
1. X’s mother will have to pay transfer duty, which is payable on the acquisition of land and real rights to land or to the
enhancement of the value of immovable property as a result of the renunciation of an interest in or a restriction upon the
use or disposal of immovable property.
2. X’s mother will not have to pay transfer duty as she waived her right.
3. If a person renounces a right over a property, transfer duty is always payable by that person.
4. A right of servitude never attracts any transfer duty.
,Question 5
Which one of the following statements best describes a holder in due course?
1) A holder in due course is a holder who has taken a bill, complete and regular on the face of it. He or she must have
become the holder of it before it was overdue and with full knowledge that it was previously dishonoured
2) A holder in due course is a person who has physical possession of a bill, complete and regular on the face of it.
3) A holder in due course is a holder who has taken a bill, complete and regular on the face of it, in the following
circumstances: he or she must have become the holder of it before it was overdue and, if it had previously been
dishonoured, without notice thereof; and he or she must have taken the bill in good faith and for value, and at the time
the bill was negotiated to him or her, he or she must have had no notice of any defect in the title of the person who
negotiated it.
4) A holder in due course is a person who is in possession of a bill, regardless of his or her title.
Question 6
Who may use a general power of attorney to deal with immovable property?
1. All attorneys are allowed to use a general power of attorney when dealing with immovable property.
2. Any person who wishes to deal with someone’s immovable property must have an authenticated general power of
attorney.
3. Any person with legal capacity to act will automatically have a general power of attorney to act on behalf of the
principal upon signature of the power of attorney by both parties.
4. A general power of attorney may not be used for dealing with immovable property, unless the representative is
expressly authorised therein to deal with such immovable property.
Question 7
Which one of the following statements best describes the nature of a notarial bond?
1) A notarial bond is a specialised bilateral document executed by the mortgagor.
2) A notarial bond is a bilateral document executed by the mortgagee.
3) A notarial bond is a unilateral document executed by the mortgagee only.
4) A notarial bond is a unilateral document executed before the notary by the mortgagor only.
Question 8
When does an antenuptial contract become binding on everyone?
1. An antenuptial contract has to be registered in the deeds registry to be enforceable against third parties.
2. An antenuptial contract that was properly executed will always be binding on everyone.
3. An antenuptial contract binds only a person who knows about it.
4. An antenuptial contract binds only the couple, regardless of its registration status.
, Question 9
Which one of the following statements represents the main reason why trusts are registered by the Master of the High
Court?
1) Trusts are registered in the deeds registry with other deeds documents in terms of the Deeds Registries Act 47 of 1937.
2) All deeds of trust have to be lodged with the Master of the High Court for registration, as provided for in the Trust
Property Control Act 57 of 1988.
3) A trust can be registered by any clerk of the court in the district where the founder resides in terms of the High Court
Practice Rules.
4) Trusts are not registered anywhere; they only have to be notarially executed to be valid.
Question 10
In terms of an antenuptial contract, X donates a sectional title flat to his prospective wife, Y, and grants Y a usufruct
over one of his farms. When will proof of payment of transfer duty have to be lodged in respect of the usufruct?
1. The usufruct is a gift; no transfer duty will be payable and, therefore, no proof of payment will be required.
2. Proof of payment will be required when the deed of servitude is lodged for registration.
3. Proof of payment in respect of the usufruct must be furnished on lodgment of the antenuptial contract for registration
in the deeds registry because the contract serves as the document of transfer.
4. As transfer duty is payable on all legal transactions, proof of payment has to be lodged at the deeds office with every
transaction lodged.
Question 11
May a farm or agricultural land be transferred to two separate estates?
1) Section 3(b) of the Subdivision of Agricultural Land Act prohibits such transfer except if permission is obtained from the
Minister.
2) A farm or agricultural land may be transferred to the names of two persons who are married to each other out of
community of property.
3) A farm or agricultural land may never be transferred to anyone but remains the property of the registered owner.
4) A farm or agricultural land may be transferred to two separate estates if the registrar of deeds is satisfied that the
parties are not under duress to do so.
Question 12
Khanna Family Trust just purchased a piece of land. The trustees are unsure whether a trust is liable to pay transfer
duty. They approach you for advice on this issue.
1. A trust is liable for transfer duty only when it disposes of its property.
2. A trust is liable for transfer duty when immovable property is acquired.
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