Louisiana Title Insurance Exam Questions and
Answers| Latest
Gross Living Area
Total area under one roof;
When Land is expropriated by the state, the landowner may expect
compensation as:
Just compensations as well as other expenses such as moving
Buying subject to a mortgage
Keeps the seller personally liable for the loan, although it remains with the
property after the sale
A contract to sell real property that required the purchase price to be paid in
installments and title is to be delivered to the buyer only after a stipulated sum
has been paid or the term is met
Bond for Deed
If a property is sold by the lessor during the term of the lease, the deposit
should be turned over to the
Purchaser, a tenant is can not sue the purchaser for the deposit if they go
bankrupt
,Death of a usufructuary, or if the object of the usufruct is destroyed, will have
what effect on a usufruct
it will terminate
Lack of legal capacity makes the contract
Relatively Null
All persons have legal capacity to contract except
Persons denied of reason at the time of contract
Interdicts
Unemancipated minors
A contract in which the party who accepts an obligation of the other does not
assume a reciprocal obligation is called an
(nothing in return)
Unilateral Contract
An offer with a termination date for the offer in Louisiana is said to be
Irrevocable
For a lessee to get a security deposit back, he must:
Do nothing, the lessor is required to return the deposit within 30 days of the end
of the lease
,If a contract is an earnest money contract then
Neither party can sue for specific performance or other damages
What does not required to perfect a sale in Louisiana
Constructive notice of the sale (making it public)
What are the requirements to perfect a sale in Louisiana
The Price
What is being sold
Consent of the parties
If two or more persons own the same piece of property, each has an undivided
share, this is referred to as an
Undivided Interest
A nonfarm lease that has expired s presumed to have been continued for
another month if the tenant holds over without opposition for how long
one week, must give 10 days notice to vacate
, Acceptance of an irrevocable offer under
When the offer is signed and received by the offeror
When a contract is an earnest money contract
Neither party can sue for specific performance
A vendor who wishes to keep a life interest and convey the remainder to a
relative may best do this by
Prepare a conveyance and reserve the right of usufruct
In Louisiana, the closest term to consideration is
Cause
An offer that specifies a time for acceptance is
Irrevocable during that time
A seller recently received $40,000 for a house worth $100,000. He would have 1
year to claim:
Lesion Beyond Moiety
Upon death of a spouse, the surviving spouse must be given
Usufruct over the community property
Answers| Latest
Gross Living Area
Total area under one roof;
When Land is expropriated by the state, the landowner may expect
compensation as:
Just compensations as well as other expenses such as moving
Buying subject to a mortgage
Keeps the seller personally liable for the loan, although it remains with the
property after the sale
A contract to sell real property that required the purchase price to be paid in
installments and title is to be delivered to the buyer only after a stipulated sum
has been paid or the term is met
Bond for Deed
If a property is sold by the lessor during the term of the lease, the deposit
should be turned over to the
Purchaser, a tenant is can not sue the purchaser for the deposit if they go
bankrupt
,Death of a usufructuary, or if the object of the usufruct is destroyed, will have
what effect on a usufruct
it will terminate
Lack of legal capacity makes the contract
Relatively Null
All persons have legal capacity to contract except
Persons denied of reason at the time of contract
Interdicts
Unemancipated minors
A contract in which the party who accepts an obligation of the other does not
assume a reciprocal obligation is called an
(nothing in return)
Unilateral Contract
An offer with a termination date for the offer in Louisiana is said to be
Irrevocable
For a lessee to get a security deposit back, he must:
Do nothing, the lessor is required to return the deposit within 30 days of the end
of the lease
,If a contract is an earnest money contract then
Neither party can sue for specific performance or other damages
What does not required to perfect a sale in Louisiana
Constructive notice of the sale (making it public)
What are the requirements to perfect a sale in Louisiana
The Price
What is being sold
Consent of the parties
If two or more persons own the same piece of property, each has an undivided
share, this is referred to as an
Undivided Interest
A nonfarm lease that has expired s presumed to have been continued for
another month if the tenant holds over without opposition for how long
one week, must give 10 days notice to vacate
, Acceptance of an irrevocable offer under
When the offer is signed and received by the offeror
When a contract is an earnest money contract
Neither party can sue for specific performance
A vendor who wishes to keep a life interest and convey the remainder to a
relative may best do this by
Prepare a conveyance and reserve the right of usufruct
In Louisiana, the closest term to consideration is
Cause
An offer that specifies a time for acceptance is
Irrevocable during that time
A seller recently received $40,000 for a house worth $100,000. He would have 1
year to claim:
Lesion Beyond Moiety
Upon death of a spouse, the surviving spouse must be given
Usufruct over the community property
