Exam 49: Transfer and Control of Real Property

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The traditional common law rule regarding the sale of property is caveat emptor which means, "let the seller beware."

(True/False)
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The power to convert private property to public use is known as:

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Because documents affecting ownership of property are recorded, a chronological record of transactions concerning the property can be obtained by a(n):

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A deed containing a number of promises including covenant of title, quiet enjoyment, against encumbrances, and warranty are found in a:

(Multiple Choice)
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The UCC applies to real estate mortgages and trust deeds since they are security interests.

(True/False)
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The action through which the mortgage holder takes the property from the mortgagor, ends the mortgagor's rights in the property, and sells the property to pay the mortgage debt is known as:

(Multiple Choice)
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The Fair Housing Act is Title VIII of the Civil Rights Act.

(True/False)
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Title insurance policies may be issued to protect the interests of mortgagees or tenants of property.

(True/False)
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