Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

An example of an affirmative covenant is: ​

Accepted Answer

A) to build no higher than a three-story building 
B) to use the property only as a wilderness reserve 
C) to contribute to the maintenance of a shared driveway 
D) to build no closer than twenty feet from the edge of the lot 
A) to build no higher than a three-story building 
B) to use the property only as a wilderness reserve 
C) to contribute to the maintenance of a shared driveway 
D) to build no closer than twenty feet from the edge of the lot C

Question 3

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

Accepted Answer

A) True 
 B)False  True

Question 4

Quitclaim deeds have been made illegal in most jurisdictions.

Accepted Answer

A) True 
 B)False

Question 5

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. ​

Accepted Answer

A) specific warranty 
B) quitclaim warranty 
C) conditional warranty 
D) general warranty 
A) specific warranty 
B) quitclaim warranty 
C) conditional warranty 
D) general warranty

Question 6

Which of the following is true of abstract of title? ​

Accepted Answer

A) It shows if there are any unpaid taxes or judgements. 
B) It provides evidence of any past forgeries of signature. 
C) It specifies if there any personal property additions with the property. 
D) It is prepared by the grantor. 
A) It shows if there are any unpaid taxes or judgements. 
B) It provides evidence of any past forgeries of signature. 
C) It specifies if there any personal property additions with the property. 
D) It is prepared by the grantor.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Which of the following best describes a covenant? ​

Accepted Answer

A) It is a promise contained in a deed. 
B) It is a nominal consideration contained in a deed. 
C) It is a description of property contained in a deed. 
D) It is a value of consideration contained in a deed. 
A) It is a promise contained in a deed. 
B) It is a nominal consideration contained in a deed. 
C) It is a description of property contained in a deed. 
D) It is a value of consideration contained in a deed.

Question 11

Which of the following is a provision in a deed? ​

Accepted Answer

A) The spouse of the grantee must sign the deed along with the grantee as a witness. 
B) The grantee's marital status must be mentioned in the deed. 
C) The grantor's personal income must be mentioned in the deed. 
D) The statement of the consideration paid by the grantee must be mentioned in the deed. 
A) The spouse of the grantee must sign the deed along with the grantee as a witness. 
B) The grantee's marital status must be mentioned in the deed. 
C) The grantor's personal income must be mentioned in the deed. 
D) The statement of the consideration paid by the grantee must be mentioned in the deed.

Question 12

Explain any two provisions contained in a deed. ​

Accepted Answer

1. Parties 
The grantor and the grantee

Question 13

What action serves to transfer title to real estate?

Accepted Answer

A) recording of the deed in the real property records 
B) the seller signing the deed 
C) delivery of the deed to the purchaser 
D) listing the property with a real estate agent 
A) recording of the deed in the real property records 
B) the seller signing the deed 
C) delivery of the deed to the purchaser 
D) listing the property with a real estate agent

Question 14

When a grantee is married, a spouse generally also has a statutory right to the property.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

The key question for delivery is whether the grantor has given up over the property. ​

Accepted Answer

A) tenancy 
B) control 
C) maintenance 
D) warranties 
A) tenancy 
B) control 
C) maintenance 
D) warranties

Question 18

A deed that transfers whatever interest a grantor has in a property, but makes no claims as to what that interest may be, is known as a . ​

Accepted Answer

A) conditional deed 
B) quitclaim deed ​ 
C) general warranty deed 
D) warranty deed 
A) conditional deed 
B) quitclaim deed ​ 
C) general warranty deed 
D) warranty deed

Question 19

The grantor and grantee must be identified in a deed.

Accepted Answer

A) True 
 B)False

Question 20

Recording a deed protects the grantee against a second sale by the grantor. ​

Accepted Answer

A) True 
 B)False

Exam 40: Transfer of Real Property

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

An example of an affirmative covenant is: ​

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

Quitclaim deeds have been made illegal in most jurisdictions.

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. ​

Which of the following is true of abstract of title? ​

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

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

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

Which of the following best describes a covenant? ​

Which of the following is a provision in a deed? ​

Explain any two provisions contained in a deed. ​

What action serves to transfer title to real estate?

When a grantee is married, a spouse generally also has a statutory right to the property.

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

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

The key question for delivery is whether the grantor has given up over the property. ​

A deed that transfers whatever interest a grantor has in a property, but makes no claims as to what that interest may be, is known as a . ​

The grantor and grantee must be identified in a deed.

Recording a deed protects the grantee against a second sale by the grantor. ​

Introduction to Law

Courts and Court Procedures

Business Torts and Crimes

Government Regulation of Business

Nature and Classes of Contracts

Offer and Acceptance

Capacity to Contract

Consideration

Defective Agreements

Illegal Agreements

Written Contracts

Third Parties and Contracts

Termination of Contracts

Nature of Personal Property

Special Bailments

Sales of Personal Property

Formalities of a Sale

Transfer of Title and Risk in Sales Contracts

Warranties Product Liability and Consumer Protection

Nature of Negotiable Instruments

Essentials of Negotiability

Promissory Notes and Drafts

Negotiation and Discharge

Liabilities of Parties, Holders in Due Course and Defenses

Nature and Creation of an Agency

Operation and Termination of an Agency

Employer and Employee Relations

Employees Rights

Introduction to Business Organizations

Creation and Operation of a Partnership

Dissolution of a Partnership

Nature of a Corporation

Ownership of a Corporation

Management and Dissolution of a Corporation

Principles of Insurance

Types of Insurance

Security Devices

Bankruptcy

Nature of Real Property

Real Estate Mortgages

Landlord and Tenant

Wills Inheritances and Trust

Filters

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

An example of an affirmative covenant is:

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

Which of the following is true of abstract of title?

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

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

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

Which of the following best describes a covenant?

Which of the following is a provision in a deed?

Explain any two provisions contained in a deed.

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

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

The key question for delivery is whether the grantor has given up over the property.

A deed that transfers whatever interest a grantor has in a property, but makes no claims as to what that interest may be, is known as a .

Recording a deed protects the grantee against a second sale by the grantor.