TRANSFER OF PROPERTY questions with verified
answers
A court order to sell property after the final judgment in a lawsuit has
been rendered is called a: Ans✓✓✓ writ of execution.
A writ of execution is the court order to sell property after final
judgment in a lawsuit has been made.
a deed to real property that is recorded in a county other than that in
which the property is located does not provide constructive notice. t/f
Ans✓✓✓ true
A gift of real property by will is a: Ans✓✓✓ devise.
A gift of real property by will is a devise, while a gift of money or
personal property by will is a bequest or legacy.
A government patent is: Ans✓✓✓ conveyance
a government patent is a deed that conveys title.
A grant deed requires which of the following in order to be valid?
Ans✓✓✓ a granting clause.
,A granting clause is one of the requirements of a valid deed.
A grant deed, to be effective, must be recorded. To record a deed, it
must be acknowledged by the grantor. Ans✓✓✓ The first statement is
false and the second statement is true.
Since a valid and effective deed need merely be delivered but not
recorded, the first statement is false. Since a deed is a document that
must be acknowledged by the grantor to be recorded, the second
statement is true.
A grant deed, to be effective, must be recorded. To record a deed, it
must be acknowledged by the grantor. true or false? Ans✓✓✓ the first
statement is false. A grant deed does not have to be recorded to be
effective.
The second statement is true. To record a deed it must be
acknowledged by the grantor.
Since a valid and effective deed need merely be delivered but not
recorded, the first statement is false. Since a deed is a document that
must be acknowledged by the grantor to be recorded, the second
statement is true.
a grantor need not have legal capacity. t/f Ans✓✓✓ false.
, a grantor must have legal capacity.
A house is to be sold in probate. The bid submitted to court for
confirmation is $200,000. The first minimum overbid would be:
Ans✓✓✓ $210,500.
The first minimum overnbid must exceed the bid submitted for
confirmation by 10% on the first $10,000 and 5% of the remainder.
$10,000 times 0.10 equals $1000.
$190,000 times 0.05 equals $9,500.
$200,000 + $1,000 + $9,500 = $210,500.
A landowner is advised that a railroad company plans to cross his
property with a railroad line. If the landowner refuses, the railroad
company can proceed by the use of: Ans✓✓✓ eminent domain.
The law delegates the right to eminent domain to public utility
companies.
A legal procedure used to terminate the rights and title of the trustor in
real property by selling the encumbered property and using the sale
proceeds to pay off creditors. Ans✓✓✓ foreclosure.
answers
A court order to sell property after the final judgment in a lawsuit has
been rendered is called a: Ans✓✓✓ writ of execution.
A writ of execution is the court order to sell property after final
judgment in a lawsuit has been made.
a deed to real property that is recorded in a county other than that in
which the property is located does not provide constructive notice. t/f
Ans✓✓✓ true
A gift of real property by will is a: Ans✓✓✓ devise.
A gift of real property by will is a devise, while a gift of money or
personal property by will is a bequest or legacy.
A government patent is: Ans✓✓✓ conveyance
a government patent is a deed that conveys title.
A grant deed requires which of the following in order to be valid?
Ans✓✓✓ a granting clause.
,A granting clause is one of the requirements of a valid deed.
A grant deed, to be effective, must be recorded. To record a deed, it
must be acknowledged by the grantor. Ans✓✓✓ The first statement is
false and the second statement is true.
Since a valid and effective deed need merely be delivered but not
recorded, the first statement is false. Since a deed is a document that
must be acknowledged by the grantor to be recorded, the second
statement is true.
A grant deed, to be effective, must be recorded. To record a deed, it
must be acknowledged by the grantor. true or false? Ans✓✓✓ the first
statement is false. A grant deed does not have to be recorded to be
effective.
The second statement is true. To record a deed it must be
acknowledged by the grantor.
Since a valid and effective deed need merely be delivered but not
recorded, the first statement is false. Since a deed is a document that
must be acknowledged by the grantor to be recorded, the second
statement is true.
a grantor need not have legal capacity. t/f Ans✓✓✓ false.
, a grantor must have legal capacity.
A house is to be sold in probate. The bid submitted to court for
confirmation is $200,000. The first minimum overbid would be:
Ans✓✓✓ $210,500.
The first minimum overnbid must exceed the bid submitted for
confirmation by 10% on the first $10,000 and 5% of the remainder.
$10,000 times 0.10 equals $1000.
$190,000 times 0.05 equals $9,500.
$200,000 + $1,000 + $9,500 = $210,500.
A landowner is advised that a railroad company plans to cross his
property with a railroad line. If the landowner refuses, the railroad
company can proceed by the use of: Ans✓✓✓ eminent domain.
The law delegates the right to eminent domain to public utility
companies.
A legal procedure used to terminate the rights and title of the trustor in
real property by selling the encumbered property and using the sale
proceeds to pay off creditors. Ans✓✓✓ foreclosure.
