LOUISIANA NOTARY 2027 QUESTIONS AND
ANSWERS SET A+
✔✔sole proprietorship - ✔✔a business enterprise, owned by a single person. which is
not conducted by means or through the use of juridical entity
✔✔spendthrift trust - ✔✔a trust that prohibits the beneficiary's interest from being
assigned and also prevents a creditor from attaching that interest, except as provided
by law
✔✔subdivision - ✔✔a division of immovable property into small portions
✔✔subordination - ✔✔a juridical act the effct of which is to cause a higher ranked
security interest, particularly a mortgage or privilege, to rank belowa lower ranked
security interest for purposes of determining preference of payment in the event of
default on the underlying obligation
✔✔subrogation - ✔✔the conventional or legal substitution of one person to the rights of
another person
✔✔succession - ✔✔the transmission of the estate of a deceased person to his
successors
✔✔supra - ✔✔above
✔✔surety - ✔✔person who obligates himself to a creditor of another to pay the debt if
the debtor fails to pay the creditor
✔✔suspensive condition - ✔✔a condition of an obligation providing that the obligation
may not be enforced until the occurrence of a partucular uncertain event
, ✔✔tacit - ✔✔not express; that which, although not expressed, is understood from the
nature of the thing or from provisions of the law.
✔✔testament - ✔✔will
✔✔testate - ✔✔having left a valid will at death
✔✔testator/ testatrix - ✔✔person who makes a will
✔✔third persons - ✔✔any person who is not a party to, or personally bound by, an
instrument.
✔✔trust - ✔✔relationship resulting form the transfer of ownership of property to another
to be administered by him as a fiduciary, called a trustee, to hold for the benefit of
another
✔✔trustee - ✔✔a fiduciary that holds title to property for the benefit of another
✔✔tutor or tutrix - ✔✔the legal guardian of a minor after the termination of parental
authority by divorce or death
✔✔Uniform Commercial Code - ✔✔a system of uniform rules for commericial laws
adopted in every state
✔✔usury - ✔✔collection of interest on a debt which exceeds that allowable by law
✔✔vendee - ✔✔buyer
✔✔vendor - ✔✔seller
✔✔vendor's lien/privilege - ✔✔a right granted to the seller of a movable or immovable
for the unpaid part of the price; this right entitles him to be paid before the buyer's other
creditors.
✔✔venue - ✔✔place or location
✔✔Where is a paraph most commonly made on? - ✔✔A promissory note to identify it
with a mortgage, privilege, or other security device.
✔✔What is included in a paraph? - ✔✔Name of the act, date the act was passed,
signature of the notary
✔✔What is the purpose of a partition? - ✔✔To do away with fractional ownership and to
make perfect each co-owner's title or ownership in individual physical shares
ANSWERS SET A+
✔✔sole proprietorship - ✔✔a business enterprise, owned by a single person. which is
not conducted by means or through the use of juridical entity
✔✔spendthrift trust - ✔✔a trust that prohibits the beneficiary's interest from being
assigned and also prevents a creditor from attaching that interest, except as provided
by law
✔✔subdivision - ✔✔a division of immovable property into small portions
✔✔subordination - ✔✔a juridical act the effct of which is to cause a higher ranked
security interest, particularly a mortgage or privilege, to rank belowa lower ranked
security interest for purposes of determining preference of payment in the event of
default on the underlying obligation
✔✔subrogation - ✔✔the conventional or legal substitution of one person to the rights of
another person
✔✔succession - ✔✔the transmission of the estate of a deceased person to his
successors
✔✔supra - ✔✔above
✔✔surety - ✔✔person who obligates himself to a creditor of another to pay the debt if
the debtor fails to pay the creditor
✔✔suspensive condition - ✔✔a condition of an obligation providing that the obligation
may not be enforced until the occurrence of a partucular uncertain event
, ✔✔tacit - ✔✔not express; that which, although not expressed, is understood from the
nature of the thing or from provisions of the law.
✔✔testament - ✔✔will
✔✔testate - ✔✔having left a valid will at death
✔✔testator/ testatrix - ✔✔person who makes a will
✔✔third persons - ✔✔any person who is not a party to, or personally bound by, an
instrument.
✔✔trust - ✔✔relationship resulting form the transfer of ownership of property to another
to be administered by him as a fiduciary, called a trustee, to hold for the benefit of
another
✔✔trustee - ✔✔a fiduciary that holds title to property for the benefit of another
✔✔tutor or tutrix - ✔✔the legal guardian of a minor after the termination of parental
authority by divorce or death
✔✔Uniform Commercial Code - ✔✔a system of uniform rules for commericial laws
adopted in every state
✔✔usury - ✔✔collection of interest on a debt which exceeds that allowable by law
✔✔vendee - ✔✔buyer
✔✔vendor - ✔✔seller
✔✔vendor's lien/privilege - ✔✔a right granted to the seller of a movable or immovable
for the unpaid part of the price; this right entitles him to be paid before the buyer's other
creditors.
✔✔venue - ✔✔place or location
✔✔Where is a paraph most commonly made on? - ✔✔A promissory note to identify it
with a mortgage, privilege, or other security device.
✔✔What is included in a paraph? - ✔✔Name of the act, date the act was passed,
signature of the notary
✔✔What is the purpose of a partition? - ✔✔To do away with fractional ownership and to
make perfect each co-owner's title or ownership in individual physical shares
