Test #3 - 1 I Penny Evenson grant bargain and sell is an example of a a habendum clause b a granting clause c passing title d a covenant of seisin 2

Test #3 - 1 I Penny Evenson grant bargain and sell is an...

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1. “I, Penny Evenson, grant, bargain, and sell . . .” is an example of a. a habendum clause. b. a granting clause. c. passing title. d. a covenant of seisin. 2. Which of the following is NOT an example of an action that might lead to involuntary alienation? 3. Which of the following is NOT a legal requirement of a will? 4. Lisa’s property is sold at a foreclosure auction and her outstanding mortgage debt is paid. Two contractors have mechanics’ liens against the property and it’s possible there isn’t enough money left over to satisfy both. What determines which contractor is paid? 5. An abstract of title a. is the record of a property’s ownership. b. includes liens but does not include encumbrances. c. includes encumbrances but does not include liens. d. is a summary of what the title search found in the public record. 6. Which of the following is commonly used to prove ownership of property?
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a. requirements for a valid conveyance. b. adverse possession. c. avulsion. d. voluntary alienation. 8. Which of the following is NOT part of the loan approval process? 9. Which of the following is a task to be completed by the seller in preparation for closing?
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