LAND LAW (LEASES) EXAM
QUESTIONS AND ANSWERS
To be valid a deed must have a - Answer-Legal property description
in regard to a deed the term execution refers to - Answer-to the act of signing it
the covenant affirming that the grantor holds title and has the right to convey it to
another is the covenant - Answer-the covenant seisin affirms that the grantor owns
and has the right to convey title
If a lender wanted to convey title on a foreclosed property with no warranties to the
grantee an no liabilities to the grantor it would be logical to use a - Answer-a
quitclaim deed conveys whatever title the grantor holds and gives no warranties or
covenants past or future This deed would be allow the bank to no future title claims
or liabilities
the probate process - Answer-Probate is the process which a deceased persons
instructions are carried out and is required if the party died testate (with a will)
Which parties must sign a deed to make it valid? - Answer-The grantors
sign(execute)the deed
Ownership in severalty refers to - Answer-Severalty refers to sole (severed)
ownership
Which must always be true of tenants in common - Answer-While shares in a
tenancy in common may be unequal each coowner must sign the document of title
conveyance(deed,contract for deed)
A couple wants to buy a house together if either one should die they want the
deceaseds share to go to that persons heirs. which form of ownership allows this
option - Answer-In tenancy in common the deceased persons interest goes to the
decedents heirs. There is no right of survivorship
what gives the grantee the most protection - Answer-The general warranty deed in
which the grantor gives five covenants and warranties offers the grantee the most
protection
what is not essential to the validity of a deed - Answer-Deeds do not need to be
recorded to be valid
Parents and their only child buy a property together. If one dies the title will
automatically pass to the other owners. How did they take title? - Answer-Multiple
ownership with the right of surviviorship to coowners is joint tenancy
What are the advantages of having a will - Answer-State laws of descent apply to
persons who die without will , intestate
QUESTIONS AND ANSWERS
To be valid a deed must have a - Answer-Legal property description
in regard to a deed the term execution refers to - Answer-to the act of signing it
the covenant affirming that the grantor holds title and has the right to convey it to
another is the covenant - Answer-the covenant seisin affirms that the grantor owns
and has the right to convey title
If a lender wanted to convey title on a foreclosed property with no warranties to the
grantee an no liabilities to the grantor it would be logical to use a - Answer-a
quitclaim deed conveys whatever title the grantor holds and gives no warranties or
covenants past or future This deed would be allow the bank to no future title claims
or liabilities
the probate process - Answer-Probate is the process which a deceased persons
instructions are carried out and is required if the party died testate (with a will)
Which parties must sign a deed to make it valid? - Answer-The grantors
sign(execute)the deed
Ownership in severalty refers to - Answer-Severalty refers to sole (severed)
ownership
Which must always be true of tenants in common - Answer-While shares in a
tenancy in common may be unequal each coowner must sign the document of title
conveyance(deed,contract for deed)
A couple wants to buy a house together if either one should die they want the
deceaseds share to go to that persons heirs. which form of ownership allows this
option - Answer-In tenancy in common the deceased persons interest goes to the
decedents heirs. There is no right of survivorship
what gives the grantee the most protection - Answer-The general warranty deed in
which the grantor gives five covenants and warranties offers the grantee the most
protection
what is not essential to the validity of a deed - Answer-Deeds do not need to be
recorded to be valid
Parents and their only child buy a property together. If one dies the title will
automatically pass to the other owners. How did they take title? - Answer-Multiple
ownership with the right of surviviorship to coowners is joint tenancy
What are the advantages of having a will - Answer-State laws of descent apply to
persons who die without will , intestate
