QUESTIONS WITH ANSWERS GUARANTEE A+
✔✔A ____ carries the same covenants as a general warranty deed, but with a limited
scope.
In a ____, the covenants cover only problems that arose while the grantor owned the
property. - ✔✔special warranty deed
✔✔At closing, a buyer refused to accept the deed. Of the following, which is the most
likely reason?
Select your answer below:
A. The purchase and sale agreement stated that the seller would provide a general
warranty deed, but a special warranty deed was presented instead
B. The deed lacked proper consideration
C. The deed had not been signed by the grantee
D. The deed hadn't been recorded - ✔✔A. The purchase and sale agreement stated
that the seller would provide a general warranty deed, but a special warranty deed was
presented instead
✔✔Jennifer uses a special warranty deed to transfer property to Jon. Under these
circumstances:
Select your answer below:
A.Jennifer is making additional, unique warranties above and beyond those given in a
traditional warranty deed
B.Jennifer's warranties to Jon are limited, and apply only to the time that she held the
property
C.Jennifer warrants that no encumbrances were filed against the property that have not
been satisfied
D.a quitclaim deed would have given Jon more protection - ✔✔B.Jennifer's warranties
to Jon are limited, and apply only to the time that she held the property
✔✔Both general and special warranty deeds convey ____ to the grantee.
After-acquired title is an interest in the property that the grantor acquires after executing
the deed. - ✔✔after-acquired title
✔✔A quitclaim deed conveys:
Select your answer below:
,A. unencumbered title
B. the grantor's interest in a given property, if any
C. an estate for years
D. fee simple title, including a covenant of quiet enjoyment - ✔✔B. the grantor's interest
in a given property, if any
✔✔Mary gave Juan a quitclaim deed when she sold him her lot. Juan can be sure that:
Select your answer below:
A. all of Mary's interests in the property as of the date of the quitclaim deed belong to
Juan
B. Mary owned the property free of all encumbrances
C. there are no nonfinancial liens against the property
D. Juan's ownership interest is partial; it is subject to some rights of Mary - ✔✔A. all of
Mary's interests in the property as of the date of the quitclaim deed belong to Juan
✔✔To cure a defect or cloud on the title to a piece of property, the parties should:
Select your answer below:
A. bring an action to cancel the title
B. bring an action to record the title with the state
C. obtain quitclaim deeds from any interested parties
D. have the property surveyed - ✔✔C. obtain quitclaim deeds from any interested
parties
✔✔If a name is misspelled on a deed, which of the following is usually used to correct
the problem?
Select your answer below:
A. Quitclaim deed
B. Trustee's deed
C. Gift deed
,D. General warranty deed - ✔✔A. Quitclaim deed
✔✔The result of an unreleased lien is a/an:
Select your answer below:
A. easement
B. cloud on the title
C. condemnation action by the city
D. lis pendens - ✔✔B. cloud on the title
✔✔When used to cure a cloud on the title, a quitclaim deed is sometimes called a ____.
- ✔✔reformation deed
✔✔With the closing date fast approaching, the buyer's real estate agent learns that the
seller's sister may have an ownership interest in the property. The parties have already
signed the purchase and sale agreement. The buyer's agent should:
Select your answer below:
A. ask the listing agent to suggest that the seller see a lawyer about obtaining a
quitclaim deed from the sister
B. ask the buyer to sue the seller for specific performance
C. inform both buyer and seller that the transaction is void
D. postpone the closing date - ✔✔A. ask the listing agent to suggest that the seller see
a lawyer about obtaining a quitclaim deed from the sister
✔✔A quitclaim deed:
Select your answer below:
A. creates the most liability for the grantor
B. carries no covenant or warranty
C. does not transfer the seller's title
D. gives a limited warranty to the grantee - ✔✔B. carries no covenant or warranty
✔✔A ____ is used to convey title to someone who purchases property at a mortgage
foreclosure sale. - ✔✔sheriff's deed
, ✔✔When a deed of trust is foreclosed on, a ____ is used to convey title to the
purchaser at the trustee's sale. - ✔✔trustee's deed
✔✔When the government forecloses on property because the property taxes weren't
paid, the foreclosure sale purchaser receives a ____. - ✔✔tax deed
✔✔If one party gives property to another, she may use a ____. This deed is not
supported by consideration, and is the easiest for a court to set aside if there is any hint
it was executed in order to defraud creditors. - ✔✔gift deed
✔✔A ____ transfers real property from government ownership to private ownership. -
✔✔patent
✔✔Deed that does not convey after acquired title.
A. Patent
B. Warranty deed
C. Special warranty deed
D. Quitclaim deed - ✔✔D. Quitclaim deed
✔✔What type of deed is used to remove clouds from titles?
A. Special warranty deed
B. Quitclaim deed
C. Warranty deed
D. Patent - ✔✔B. Quitclaim deed
✔✔What type of deed limits warranties to period of time grantor owned property?
A. Warranty deed
B. Patent
C. Special warranty deed
D. Quitclaim deed - ✔✔C. Special warranty deed