MODERN REAL ESTATE PRACTICE
LAW MIDTERM EXAM QUESTIONS
AND ANSWERS
A deed would be valid without - Answer-A competent grantee
A leasehold estate with a definite expiration date that requires no notice is called
what? - Answer-An estate for years
A lender making a loan secured by a mortgage will probably require the borrower to
buy what? - Answer-A mortgagees title insurance
Legal action taken on a title claimants behalf to resolve all clouds on title is called a
what? - Answer-A suit to quiet title
A contract that conveys the right to quiet enjoyment and use of property but does
NOT convey title is called a what? - Answer-A lease
Which parties must sign a deed to make it valid? - Answer-Grantors only
Conveyance occurs at the moment a deed is what? - Answer-Delivered and
accepted
A method of property description using monuments, distances, and compass
directions is known as what? - Answer-The metes-and-bounds method
Counters, stools, and other restaurant equipment attached to real property are
considered what? - Answer-Trade fixtures
The covenant that warrants against claims of third parties is known as what? -
Answer-Quiet enjoyment
A contract that has NOT yet been fully performed is what? - Answer-Executory
The requirement that a structure be built at least 25 feet from the front lot line is
called a what? - Answer-Setback Restrictions
A municipality has authorized the improvement of a particular property in a manner
NOT authorized by the zoning ordinance, this is an example of a what? - Answer-
Variance
Joint tenants do not need what? - Answer-The equal sharing of rent payments
A contract that has been fully performed is considered what? - Answer-Executed
A suit for condemnation would be used to exercise which governmental right? -
Answer-Eminent Domain
LAW MIDTERM EXAM QUESTIONS
AND ANSWERS
A deed would be valid without - Answer-A competent grantee
A leasehold estate with a definite expiration date that requires no notice is called
what? - Answer-An estate for years
A lender making a loan secured by a mortgage will probably require the borrower to
buy what? - Answer-A mortgagees title insurance
Legal action taken on a title claimants behalf to resolve all clouds on title is called a
what? - Answer-A suit to quiet title
A contract that conveys the right to quiet enjoyment and use of property but does
NOT convey title is called a what? - Answer-A lease
Which parties must sign a deed to make it valid? - Answer-Grantors only
Conveyance occurs at the moment a deed is what? - Answer-Delivered and
accepted
A method of property description using monuments, distances, and compass
directions is known as what? - Answer-The metes-and-bounds method
Counters, stools, and other restaurant equipment attached to real property are
considered what? - Answer-Trade fixtures
The covenant that warrants against claims of third parties is known as what? -
Answer-Quiet enjoyment
A contract that has NOT yet been fully performed is what? - Answer-Executory
The requirement that a structure be built at least 25 feet from the front lot line is
called a what? - Answer-Setback Restrictions
A municipality has authorized the improvement of a particular property in a manner
NOT authorized by the zoning ordinance, this is an example of a what? - Answer-
Variance
Joint tenants do not need what? - Answer-The equal sharing of rent payments
A contract that has been fully performed is considered what? - Answer-Executed
A suit for condemnation would be used to exercise which governmental right? -
Answer-Eminent Domain
