LOUISIANA TITLE INSURANCE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

LOUISIANA TITLE INSURANCE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Gross Living Area - Answer -Total area under one roof; When Land is expropriated by the state, the landowner may expect compensation as: - Answer -Just compensations as well as other expenses such as moving Buying subject to a mortgage - Answer -Keeps the seller personally liable for the loan, although it remains with the property after the sale A contract to sell real property that required the purchase price to be paid in installments and title is to be delivered to the buyer only after a stipulated sum has been paid or the term is met - Answer -Bond for Deed If a property is sold by the lessor during the term of the lease, the deposit should be turned over to the - Answer -Purchaser, a tenant is can not sue the purchaser for the deposit if they go bankrupt Death of a usufructuary, or if the object of the usufruct is destroyed, will have what effect on a usufruct - Answer -it will terminate Lack of legal capacity makes the contract - Answer -Relatively NullAll persons have legal capacity to contract except - Answer -Persons denied of reason at the time of contract Interdicts Unemancipated minors A contract in which the party who accepts an obligation of the other does not assume a reciprocal obligation is called an (nothing in return) - Answer -Unilateral Contract An offer with a termination date for the offer in Louisiana is said to be - Answer -Irrevocable For a lessee to get a security deposit back, he must: - Answer -Do nothing, the lessor is required to return the deposit within 30 days of the end of the lease