Question 1

Marketable title means that the title is free from which of the following?

Accepted Answer

A)  Encumbrances 
B)  Defects in the chain of title appearing in the land records 
C)  Events depriving the seller of title 
D)  All of these. 
A)  Encumbrances 
B)  Defects in the chain of title appearing in the land records 
C)  Events depriving the seller of title 
D)  All of these.

Question 2

The Fair Housing Act prohibits discrimination based on race and color only.

Accepted Answer

A) True 
 B)False

Question 3

A special warranty deed will give the buyer better rights against the grantor (seller) than a general warranty deed.

Accepted Answer

A) True 
 B)False

Question 4

Most zoning ordinances provide that a nonconforming use may be terminated:

Accepted Answer

A)  immediately. 
B)  after 6 months of the structure's future useful life. 
C)  when a nonconforming structure is destroyed or substantially damaged. 
D)  All of these. 
A)  immediately. 
B)  after 6 months of the structure's future useful life. 
C)  when a nonconforming structure is destroyed or substantially damaged. 
D)  All of these.

Question 5

Which of the following is INCORRECT regarding zoning?

Accepted Answer

A)  Zoning can be used to regulate private property, but not to "take" it. 
B)  A variance permits an otherwise impermissible use of the property. 
C)  A zoning ordinance needs no reasonable relationship to public health, safety, or morals to be upheld. 
D)  A nonconforming use may be permitted where property was so used prior to adoption of the zoning ordinance. 
A)  Zoning can be used to regulate private property, but not to "take" it. 
B)  A variance permits an otherwise impermissible use of the property. 
C)  A zoning ordinance needs no reasonable relationship to public health, safety, or morals to be upheld. 
D)  A nonconforming use may be permitted where property was so used prior to adoption of the zoning ordinance.

Question 6

Foreclosure may be exercised only by sale under judicial decree.

Accepted Answer

A) True 
 B)False

Exam 49: Transfer and Control of Real Property

Marketable title means that the title is free from which of the following?

The Fair Housing Act prohibits discrimination based on race and color only.

A special warranty deed will give the buyer better rights against the grantor (seller) than a general warranty deed.

Most zoning ordinances provide that a nonconforming use may be terminated:

Which of the following is INCORRECT regarding zoning?

Foreclosure may be exercised only by sale under judicial decree.

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Contracts

Agency

Sales

Negotiable Instruments

Unincorporated Business Associations

Corporations

Debtor and Creditor Relations

Regulation of Business

Property

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