Exam 48: Real Property

An unrecorded mortgage is not valid and binding between the parties.

Any of the following can constitute an effective delivery of a deed except: ______.

Landowners owe no duty to licensees to warn of nonobvious dangers on their land.

Machinery and equipment that is movable is ordinarily held not to be fixtures even though it is necessary to unbolt them from the floor or disconnect electrical wires.

A fee simple defeasible is an interest that gives the grantee all the rights of a fee simple subject to compliance with certain restrictions.

If the parties involved agree that personal property will be considered a fixture,it will be deemed to be a fixture without the application of legal tests.

A landowner is not under any duty to warn of dangers or to make the premises safe to protect the trespasser from harm.

A covenant ________ promises that the grantor of an interest in land will execute any additional documents required to perfect the title of the grantee.

A trade fixture is a fixture that is traded in by the owner when purchasing new fixtures.

An estate in fee simple grants ownership in property for a specific period of time.

An easement by prescription is created by an adverse or contrary use of the true owner's land for a statutory period.

A guarantee that the grantor owns the estate conveyed is called a covenant: ______.

In general,a mortgagor is under a duty to: ______.