Quiz _3 Chapter 4-5

Quiz _3 Chapter 4-5 - Quiz#3:Chapter4-5 Student: _ This...

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Quiz#3:Chapter4-5 Student: ___________________________________________________________________________ This quiz includes 30 multiple choice questions. You have 20 minutes. Good luck. BE SURE TO WRITE YOUR NAME CLEARLY AND MAKR YOUR ANSWER WITHOUT CONFUSION. 1. In order to be valid, a grant deed does not require A.a granting clause. B.recording. C.the signature of the grantor. D.a proper writing. 2. Which type of deed would be used when the purchaser pays off the original real estate loan? A.trust deed B.quitclaim deed C.reconveyance deed D.grant deed 3. Private land can be conveyed for public use or ownership by A.deed. B.statutory dedication. C.common law dedication. D.all of these 4. Accretion is the process of accumulating new soil A.next to a lake. B.adjacent to an ocean. C.along a flowing body of water. D.close to a baseline. 1
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5. A formal witnessed will is normally prepared by A.the testator B.the court C.an attorney D.a notary 6. A holographic will does not have to be A.witnessed. C.signed. B.entirely handwritten. D.dated. 7. If an owner devotes land to a public use, such as a roadway, a transfer occurs by A.condemnation. B.common law dedication. C.partition. D.escheat. 8. Which of the following deeds is a security instrument? A.quitclaim deed B.grant deed C.trust deed D.sheriff's deed 9. Land is torn away by the action of water in the process called A.evolution. C.accretion. B.avulsion. D.reliction. 10. The transfer of title by a will is called a A.trust C.devise B.conveyance D.codicil 2
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11. To be effective, a deed must be A.made on a printed form. B.signed by the grantor. C.delivered to the grantee by the grantor personally. D.all of the above. 12. A holographic will is A.oral. C.handwritten. B.telegraphic. D.witnessed. 13. Someone who receives real property by will is called a A.devise. C.testator. B.devisee. D.codicil. 14. When water recedes, creating a new shoreline, the process is called A.accretion. C.avulsion. B.alluvion. D.reliction. 15. The transfer of title from grantor to grantee, and from that grantee to a subsequent grantee, and so on, is called A.a cloud on the title. B.the chain of title. C.delivery and acceptance. D.an acknowledgement. 16. Liens are classified as A.writs of attachment. B.encumbrances.
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This note was uploaded on 02/23/2010 for the course FIN 81824 taught by Professor Mcgrath during the Winter '09 term at CSU San Bernardino.

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Quiz _3 Chapter 4-5 - Quiz#3:Chapter4-5 Student: _ This...

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