Unit 12 Homework - Unit 12 Homework Short Answer 1 Discuss...

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Unit 12 Homework Short Answer: 1. Discuss the distinctions between a general warranty deed, special warranty deed, and quitclaim deed. 2. Discuss the recording of mortgages and deeds. 3. DeFne easements. 4. Discuss the duties of landlords and tenants and their liability for injury to third parties. True/±alse: 1. A joint tenant may sever the joint tenancy without the consent of the other joint tenant(s). True 2. Under an exclusive agency listing agreement, the seller may avoid paying the broker a commission by Fnding a buyer on his own. 3. Under the rule of equitable conversion, if a house burns down after a sales contract is executed but before the closing, the loss falls on the seller. ±alse 4. At common law, the seller of a house makes an implied warranty of habitability to the buyer. ±alse 5. Under a race-notice type of recording statute, the subsequent purchaser prevails only if he has recorded before the prior purchaser. 6. An attorney's title opinion protects the buyer from all losses incurred as a result of a defect in title. ±alse 7. The mortgage is a type of consensual security arrangement. 8. In a mortgage, the security is real estate. 9. A mortgage need not be in writing in order to be enforceable. ±alse 10.A mortgage is valid between the parties whether or not it is recorded. Multiple Choice: 1. Which of the following is not a condition that must be met before title to real property may be acquired through adverse possession?
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  • Fall '09
  • ERNIESMITH
  • Law, Deed, sales contract, A. Adam, B. Sam

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