Page 1
Louisiana Real Estate Terms Questions
and Correct Answers By Expert
absolutely null
Ans: the contract violates a rule of public order, in
other words, it is not legal to have this contract in the
first place; called void in common law
abusus
Ans: involves the right of the owner to the proceeds
from sale or mortgage
acquisitive prescription
Ans: the means of acquiring title to land against the
real owner, where possession has been actual, open,
hostile, exclusive, continuous, and under claim of right
for the statutory period of 30 years if in "bad faith" or
10 year if under color of title
Nicholas Mwololo
, Page 2
Act under private signature
Ans: an act signed by each party and two witnesses
before a notary public
after-acquired doctrine
Ans: louisiana law states that if you acquire assets
after a general lien, the lien affects the after acquired
assets
agency
Ans: the legal relationship resulting from an
agreement that the agent is authorized by a principal
to perform certain acts on behalf of the principal in
dealing with a third party
aleatory
Ans: contract in which the performance of either
party's obligation depends on an uncertain event
Nicholas Mwololo
, Page 3
arpent
Ans: a measurement of land in Louisiana based upon
an old french measure generally .84 of an acre or
approx. 192 linear feet.
assumption
Ans: the buyer takes over payment but both seller and
buyer are liable for repayment
authentic act
Ans: an act executed and signed by each party and two
witness before a notary public
bond for deed
Nicholas Mwololo
Louisiana Real Estate Terms Questions
and Correct Answers By Expert
absolutely null
Ans: the contract violates a rule of public order, in
other words, it is not legal to have this contract in the
first place; called void in common law
abusus
Ans: involves the right of the owner to the proceeds
from sale or mortgage
acquisitive prescription
Ans: the means of acquiring title to land against the
real owner, where possession has been actual, open,
hostile, exclusive, continuous, and under claim of right
for the statutory period of 30 years if in "bad faith" or
10 year if under color of title
Nicholas Mwololo
, Page 2
Act under private signature
Ans: an act signed by each party and two witnesses
before a notary public
after-acquired doctrine
Ans: louisiana law states that if you acquire assets
after a general lien, the lien affects the after acquired
assets
agency
Ans: the legal relationship resulting from an
agreement that the agent is authorized by a principal
to perform certain acts on behalf of the principal in
dealing with a third party
aleatory
Ans: contract in which the performance of either
party's obligation depends on an uncertain event
Nicholas Mwololo
, Page 3
arpent
Ans: a measurement of land in Louisiana based upon
an old french measure generally .84 of an acre or
approx. 192 linear feet.
assumption
Ans: the buyer takes over payment but both seller and
buyer are liable for repayment
authentic act
Ans: an act executed and signed by each party and two
witness before a notary public
bond for deed
Nicholas Mwololo
