Barney Fletcher online course Exam Questions with Correct Answers

Barney Fletcher online course Exam Questions with Correct Answers Acknowledgment - Answer-A Formal certification of a signature Actual notice - Answer-Knowledge one has gained based on what he seen,heard,read or observed Adverse possession - Answer-Title may be acquired by hostile,open and notorious,exclusive and continuous occupancy by one who does not have title Allodial System - Answer-Possession of land based on individual ownership Attachment - Answer-Seizure of property by court order to insure payment of debt or to have it available to satisfy a possible judgment Common element - Answer-Parts of a condominium where unit owners hold an individual interest Condemnation - Answer-Taking property by state or eminent domain Condominium ownership - Answer-Individual fee ownership of portion of a building that has other similar units Consideration - Answer-Something of value given in return for the act or promise of another,an essential element of a contract Constructive notice - Answer-Recording of documents in the public records Cooperative ownership - Answer-Ownership in which individuals have share in stock in corporation that has title to property Deed in lieu of foreclosure - Answer-Voluntary act by borrower and lender called a friendly foreclosure