Exam 49: Transfer and Control of Real Property

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An uncommon but possible way to obtain title to property is by adverse possession.

(True/False)
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Adverse possession,requires no:

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An oral agreement for the sale of land is enforceable under the statute of frauds.

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Foreclosure is an 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.

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Someone who expressly assumes a mortgage is personally obligated to pay it.

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Title insurance protects an owner of real property from losses due to defects in title and undisclosed liens or encumbrances.

(True/False)
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An instrument representing an interest in real property created to secure repayment of the debt is called a:

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