Exam 42: Transfer of Real Property

A person receiving title to property is known as a grantor.

In an affirmative covenant, a grantee agrees to refrain from doing something.

Even when an owner makes a gift of real property, the transfer must be evidenced by a deed.

In the absence of a statute or an agreement between the parties requiring a warranty deed, a quitclaim deed may be used in making all conveyances of real property.

It is mandatory to record a deed in order to complete the transfer of title.

The title to real property passes before the delivery of the deed.

Explain any two provisions contained in a deed.

A married grantee must have his or her spouse also sign the deed.

A covenant in which a grantee agrees to refrain from doing something is known as a(n) _____.

Which of the following is true of abstract of title?

Which of the following best describes a deed?

The abstract of title shows whether or not there are any unpaid taxes on a property.

Any amount paid to a grantor for his property is a consideration.

Which of the following is a provision in a deed?

A special warranty deed warrants that a grantor has the right to sell a personal property.

A deed that transfers whatever interest a grantor has in a property is known as a _____.

In a deed, the grantor and the grantee must be identified by name.

Which of the following best describes a covenant?

_____ consists of a grantor intending to give up title, possession, and control over the property.

A _____ deed warrants that a grantor has good title to a real property and further warrants that the grantor will defend the grantee against all claims by third parties.