Exam 49: Real Property

Recording statutes provide that a person purchasing land from the last holder of record will take title free of any unrecorded claim to the land of which the purchaser does not have notice or knowledge.

Equipment attached to a rented building by a tenant and used in business is:

Real property includes:

What type of deed merely transfers whatever interest, if any, the grantor may have in the property, without specifying that interest in any way?

In general, any form of property that may be sold or conveyed may be mortgaged.

Which statement is incorrect concerning mortgages?

Small children who trespass on land may be owed a special duty of care based on the doctrine of:

A summarized report of title to property is called:

A fixture is personal property that has been attached to the earth or placed in a building in such a way or under such circumstances that it has become part of the real property.

For a deed to be effective, the grantee must clearly indicate, either expressly or by conduct, an intention to accept the deed.

A deed is not effective to pass title unless it is properly recorded.

Under the common law, all parties entering on real property were owed the same duty of care.

Which is not a correct statement about deeds?