Louisiana Notary Vocabulary words
Questions & Answers 100% Correct
Materialman's privilege - ANSWER_privilege to protect supplier
forced portion - ANSWER_Portion testator must leave to children under 24 years of
age if mentally competent and not physically infirm
Ne Varietur - ANSWER_Notation which is part of a paraph
naked owner - ANSWER_owner of property burdened with us usufruct
inventory - ANSWER_notaries can engage in this activity
heritable - ANSWER_transferable
guardian - ANSWER_legally responsible for care /mgmt of property if children or
interdicts
fiduciary - ANSWER_A person entrusted with the property of another party and in
whose best interests the ___ is expected to act when holding, investing, or otherwise
using that person's property.
legitimation - ANSWER_this occurs to a child born out of wedlock
interdiction - ANSWER_court proceeding to appoint curator
jurat - ANSWER_"sworn to and subscribed before me this __ day of April, 2008"
intestate succession - ANSWER_dies without will
hypothecate - ANSWER_pledge collateral for debt
laborer's privilege - ANSWER_privilege to protect workmen
juridical person - ANSWER_a corporation, for example
juridical mortgage - ANSWER_judgments create this
mortgagee - ANSWER_name for person in whose favor mortgage is granted
legatee - ANSWER_person named in a will
good faith - ANSWER_basis for entering all contracts
forced heir - ANSWER_person over 24 if mentally incompetent or physically infirm
, mortgagor - ANSWER_name for a person who grants mortgage
minor - ANSWER_this person has no capacity unless emancipated
interdiction - ANSWER_person declared incapable of caring for his person or
administering his affairs
earnest money - ANSWER_down payment in real estate transaction --permits either
party to recede from a contract to sell, but the buyer who chooses to recede from the
contract forfeits the ___ and the seller who chooses to recede from the contract must
return double the earnest money.
executory process - ANSWER_A proceeding in court in wich the holder of a
mortgage containing a confession of judgment may obtain an 'ex parte' seizure and
sale of the mortgaged property without the orinary delays required by law.
executor - ANSWER_A succession representative designated in a will to adminster
an estate. AKA Administrator.
encumbrance - ANSWER_To burden with a claim such as a mortgage, priviliege or
lien; a burden or charge imposed upon property by law or conventional obligation or
contract, such as a privilege or mortgage.
emancipation - ANSWER_The act of conferring some or all of the effects of majority
on a minor.
executrix - ANSWER_Another term for a female executor.
Legitime - ANSWER_Portion testator must leave to children under 24 years of age if
mentally competent and not physically infirm
reinscription - ANSWER_renews lien or mortgage
renunciation - ANSWER_establishes priority of liens
representation - ANSWER_descendants of pre-deceased take his place
tutor - ANSWER_male legal guardian
trustee - ANSWER_fiduciary that holds title to prop of another's benefit
tutrix - ANSWER_female legal guardian
vendor's lien - ANSWER_created in a credit sale
seizen - ANSWER_right to possess property of deceased prior to succession
succession - ANSWER_transmission of the estate of deceased to succession
surety - ANSWER_obligates himself to pay debt if debtor fails to pay
Questions & Answers 100% Correct
Materialman's privilege - ANSWER_privilege to protect supplier
forced portion - ANSWER_Portion testator must leave to children under 24 years of
age if mentally competent and not physically infirm
Ne Varietur - ANSWER_Notation which is part of a paraph
naked owner - ANSWER_owner of property burdened with us usufruct
inventory - ANSWER_notaries can engage in this activity
heritable - ANSWER_transferable
guardian - ANSWER_legally responsible for care /mgmt of property if children or
interdicts
fiduciary - ANSWER_A person entrusted with the property of another party and in
whose best interests the ___ is expected to act when holding, investing, or otherwise
using that person's property.
legitimation - ANSWER_this occurs to a child born out of wedlock
interdiction - ANSWER_court proceeding to appoint curator
jurat - ANSWER_"sworn to and subscribed before me this __ day of April, 2008"
intestate succession - ANSWER_dies without will
hypothecate - ANSWER_pledge collateral for debt
laborer's privilege - ANSWER_privilege to protect workmen
juridical person - ANSWER_a corporation, for example
juridical mortgage - ANSWER_judgments create this
mortgagee - ANSWER_name for person in whose favor mortgage is granted
legatee - ANSWER_person named in a will
good faith - ANSWER_basis for entering all contracts
forced heir - ANSWER_person over 24 if mentally incompetent or physically infirm
, mortgagor - ANSWER_name for a person who grants mortgage
minor - ANSWER_this person has no capacity unless emancipated
interdiction - ANSWER_person declared incapable of caring for his person or
administering his affairs
earnest money - ANSWER_down payment in real estate transaction --permits either
party to recede from a contract to sell, but the buyer who chooses to recede from the
contract forfeits the ___ and the seller who chooses to recede from the contract must
return double the earnest money.
executory process - ANSWER_A proceeding in court in wich the holder of a
mortgage containing a confession of judgment may obtain an 'ex parte' seizure and
sale of the mortgaged property without the orinary delays required by law.
executor - ANSWER_A succession representative designated in a will to adminster
an estate. AKA Administrator.
encumbrance - ANSWER_To burden with a claim such as a mortgage, priviliege or
lien; a burden or charge imposed upon property by law or conventional obligation or
contract, such as a privilege or mortgage.
emancipation - ANSWER_The act of conferring some or all of the effects of majority
on a minor.
executrix - ANSWER_Another term for a female executor.
Legitime - ANSWER_Portion testator must leave to children under 24 years of age if
mentally competent and not physically infirm
reinscription - ANSWER_renews lien or mortgage
renunciation - ANSWER_establishes priority of liens
representation - ANSWER_descendants of pre-deceased take his place
tutor - ANSWER_male legal guardian
trustee - ANSWER_fiduciary that holds title to prop of another's benefit
tutrix - ANSWER_female legal guardian
vendor's lien - ANSWER_created in a credit sale
seizen - ANSWER_right to possess property of deceased prior to succession
succession - ANSWER_transmission of the estate of deceased to succession
surety - ANSWER_obligates himself to pay debt if debtor fails to pay
