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Congressional Township - ANSWER-Divided by Principal Meridian & Base Line
Township #s are vertical & Range #s are horizontal
Divided into 6 mile square townships
Township - ANSWER-Divided into 36 sections of 1 square mile (640 acres)
Each section is numbered 1-36 starting in the NE corner
Section - ANSWER-Divided into 160 acre quarters and smaller fractions like 1/8th
(80 acres) or 1/16th (40 acres)
If there is a comma it indicates 2 different tracts
Undivided interest - ANSWER-interests owned by 2 or more parties across the
entire tract
Divided interest - ANSWER-interest that covers a part or parts of a tract, but not
the entire tract
Real Property - ANSWER-all interests, benefits, & rights inherent in the ownership
of physical real estate
Personal property - ANSWER-portable & tangible objects that are not
permanently attached to and part of real estate
Statute of frauds - ANSWER-requires instruments affecting real property &
contracts to be preformed for more than a year in writing
General Warranty Deed (GWD) - ANSWER-highest form of conveyance
grantor is liable for all issues with title
Grantee is not liable