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LOUISIANA NOTARY ACTUAL FINAL QUESTIONS AND ANSWERS SET A.pdf

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LOUISIANA NOTARY ACTUAL FINAL QUESTIONS
AND ANSWERS SET A+
✔✔cum onere - ✔✔when the vendee purchases immovable property on which there is
an existing mortgage, and the vendee does not assume the indebtedness secured by
the mortgage or agree to pay the indebtedness of his vendor; "with burden"

✔✔curator - ✔✔a court-appointed guardian who manages the affairs of another
incapable of doing so himself

✔✔dation en paiement - ✔✔an act in which a debtor transfers ownership of a thing to
his creditor in payment of a debt; giving in payment""

✔✔de jure - ✔✔'of law' an official who holds his office by law and who is possessed of
all lawfully necessary qualifications for office

✔✔decedent - ✔✔a person who has died

✔✔descendants - ✔✔all offspring

✔✔dishonor - ✔✔non-acceptance of an instrument such as a check or promissory note

✔✔disinhersion - ✔✔a means of depriving a forced heir of his inheritance due to some
act upon his part which the law deems sufficient cause

✔✔disposable portion - ✔✔portion of a testator's property which he can will to anyone
he chooses

✔✔domicile - ✔✔with respect to a natural person, the place of his habitual residence

✔✔donation inter vivos - ✔✔a contract by which a person gratuitously divests himself,
at present and irrevocably, of the thing given in favor of another (donee) who accepts it

,✔✔donation mortis causa - ✔✔an act to take effect at the death of the donor by which
he disposes of the whole part of his property a donation mortis causa is revocable
during the life of the donor

✔✔donee - ✔✔one who receives a donation or gift

✔✔donor - ✔✔one who gives or donates

✔✔drawee - ✔✔the party on which an order for the payment of money is drawn, usually
a bank

✔✔drawer - ✔✔one that draws, especially one that draws an order for the payment of
money

✔✔earnest money - ✔✔permits either party to recede from a contract to sell, , but the
buyer who chooses to rcede from the contract forfeits the earnest money and the seller
who chooses to recede from the contract must return double the earnest money

✔✔easement - ✔✔(common law) right of way afforded a person to make limited use of
another's real property; in Louisiana its a servitude

✔✔emancipation - ✔✔the act of conferring some or all of the effects of majority on a
minor

✔✔enclosed estate - ✔✔an estate that has no access to a public road

✔✔encumber; encumberance - ✔✔to burden with a claim such as a mortgage. privilege
or lien; a burden or charge imposed upon property by law or conventional obligation or
contract, such as a privilege or mortgage

✔✔escrow - ✔✔property, usually money, in the custody of a third party for delivery to
another only after the fulfillment of the conditions specified

✔✔estate - ✔✔the property , rights, and obligations that a person leaves after his death,
and includes all that has accrued thereto since death

✔✔et seq. - ✔✔and that which follows" subsequent text"

✔✔exchange - ✔✔a contract by which parties tot he contract transfer property (not
money) to one another

, ✔✔executor - ✔✔a proceeding in court in which the holder of a mortgage containing a
confession of judgment may obtain an ex parte seizure and sale of the mortgaged
property without the ordinary delays required by law

✔✔executrix - ✔✔female executor

✔✔express - ✔✔clearly and distinctly stated in precise terms

✔✔fair market value - ✔✔price of an object (movable or immovable) agreed upon by a
willing seller and a willing buyer

✔✔fee simple title - ✔✔(common law) ownership of immovable property without any
condition upon the power and authority to alienate, encumber or transfer by inheritance

✔✔fiduciary - ✔✔a person entrusted with the property of another party and in whose
best interests the fiduciary is expected to act when holding, investing or otherwise using
that person's property

✔✔filiation - ✔✔condition or fact of being the child of a particular parent

✔✔forced heir - ✔✔descendants of the first degree who either are 23 or younger when
person dies or are any age and are mentally incapable of caring for his person or
administer his estate at the parent's death

✔✔forced portion - ✔✔that portion of a decedent's estate that the law reserves to him
by right, called the legitime, unless the decedent has just cause to disinherit him

✔✔fortuitous event - ✔✔an event that at the time the contract was made could not have
been reasonably foreseen

✔✔fruits - ✔✔things produced by or derived from another thing without diminution of its
substance, such as products of the earth in the case of natural fruits and rents or
interest in the case of civil fruits

✔✔good faith - ✔✔In general, a person who has no knowledge of or has no reasonable
basis for questioning the validity of the transaction

✔✔guardian - ✔✔(common law) one who is reasonably responsible for the care and
management of the person or property of an incompetent or a minor; in louisiana a
curator or tutor

✔✔habitation - ✔✔personal servitude granted to a natural person to dwell in the house
of another

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