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NJ TITLE INSURANCE FINAL EXAM TEST COMPLETE 400 EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Abandonment - answerWhen a party in legal possession of property leaves without the
intention of reclaiming rights.
Abstract of Title - answerA brief history of the instruments appearing in the county record that
affect title to the parcel in question.
Condensed history of all documents affecting a parcel of real estate
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Acceleration Clause - answerMortgage Clause demanding full payment upon Default.
Accretion - answeran increase of land caused by the gradual depositing of solid material
Adhesion Contract - answerA non negotiable contract with terms dictated by one party.
Aleatory Contract - answerA contract based upon Future uncertain conditions.
Administrators Deed - answerTransfers Title of an intestate by the administrator.
Easement by Prescription - answerSomeone has used another persons land for a certain period
of time as defined by state law
(20 years in NJ)
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Air Rights - answerRights to space above a property
Belonging to owner of land below
Feudal System - answerGovernment owns all property and individuals get rights.
Fiduciary - answerA person or organization that acts on behalf of another person to manage
assets
Foreclosure - answerTo seize and sell property pledged for a debt
A forced sale of property to satisfy a lien.
Alluvion - answerSolid material deposited by a body of water
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Freehold Estate - answerAn interest in real property whose length cannot be determined in
advance
Estates of indeterminable length - a person may OWN that estate for a lifetime or forever
ex: Fee simple ; fee determinable ; life estate
Avulsion - answerSudden change of course of a stream
Joint Tenancy - answertwo or more people own property ; nonmarried persons with right of
survivorship
ALTA - answerAmerican Land Title Association
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NJ TITLE INSURANCE FINAL EXAM TEST COMPLETE 400 EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Abandonment - answerWhen a party in legal possession of property leaves without the
intention of reclaiming rights.
Abstract of Title - answerA brief history of the instruments appearing in the county record that
affect title to the parcel in question.
Condensed history of all documents affecting a parcel of real estate
Page 1
,Page 2
Acceleration Clause - answerMortgage Clause demanding full payment upon Default.
Accretion - answeran increase of land caused by the gradual depositing of solid material
Adhesion Contract - answerA non negotiable contract with terms dictated by one party.
Aleatory Contract - answerA contract based upon Future uncertain conditions.
Administrators Deed - answerTransfers Title of an intestate by the administrator.
Easement by Prescription - answerSomeone has used another persons land for a certain period
of time as defined by state law
(20 years in NJ)
Page 2
,Page 3
Air Rights - answerRights to space above a property
Belonging to owner of land below
Feudal System - answerGovernment owns all property and individuals get rights.
Fiduciary - answerA person or organization that acts on behalf of another person to manage
assets
Foreclosure - answerTo seize and sell property pledged for a debt
A forced sale of property to satisfy a lien.
Alluvion - answerSolid material deposited by a body of water
Page 3
, Page 4
Freehold Estate - answerAn interest in real property whose length cannot be determined in
advance
Estates of indeterminable length - a person may OWN that estate for a lifetime or forever
ex: Fee simple ; fee determinable ; life estate
Avulsion - answerSudden change of course of a stream
Joint Tenancy - answertwo or more people own property ; nonmarried persons with right of
survivorship
ALTA - answerAmerican Land Title Association
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