Chapter 3 Liens, Encumbrances, Homesteads

Chapter 3 Liens, Encumbrances, Homesteads -...

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1 LEGAL  TERMS  SCARE  ME
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2 CHAPTER  2 HERE  ARE  THE  ANSWERS
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3 PART I
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4 1. Ms. Jones was killed in an automobile  accident.  When the courts were called upon to  distribute her property, they found she had  died intestate.  This means that she died: a. leaving no property b. leaving no heirs c. in debt d. without a will D
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5 2. If a married man with two children died  without leaving a will, separate property  purchased by him before he married and  maintained as separate property during the  marriage would be distributed as follows:  a. one-half to the children b. one-half to the widow c. all to the widow d. one-third to the widow and two thirds to  the children D
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6 3. How many acres are there in a parcel of  property which includes the following: the NW  ¼ of the SW ¼; and the E ½ of the NW ¼; and  the NE ¼ of the SW ¼ of section 5? a. 320 acres b. 160 acres c. 40 acres d. 80 acres B
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7 4. The state urgently needs a piece of property to  complete a project for public use.  The owner  did not wish to sell.  Which method could be  used to acquire the property?   a. dedication b. escheat c. police power d. eminent domain D
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8 5. The term escheat is a legal term meaning  that: a. a fraud has been committed  b. an agent’s license has been revoked c. property with a mortgage can be conveyed d. title has reverted to the state D
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9 6. The water flowing down a river gradually  builds up the land along the bank by leaving  deposits of soil; this action is called: a. accretion b. reliction c. avulsion d. erosion A
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10 7. All of the following statements concerning  wills are correct, except: a. a statutory will use a form approved by the  state b. a holographic will can be signed by an X if  it is witnessed c. an administratrix is appointed by a  probate court d. a person who receives real property by will  is known as a devisee B
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11 8. Deeds are used to transfer property.  Which  deed contains no implied or expressed  warranties? a. warranty deed b. grant deed c. quitclaim deed  d. interspousal grant deed C
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12 9. The executrix of an estate is: a. selected by the heirs b. appointed by the superior court c. named in the testator’s will d. named by the decedent’s attorney C
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13 10. To be valid, a deed must: a. contain a proper description of the  property b. be signed by a competent grantee c. be recorded d. be dated   A
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11. “Beginning on a point on the North line of  Bard Avenue distant 218.00 feet East from  the Northeast corner of Bard Avenue and Elm  Street….? a. metes and bounds
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This note was uploaded on 10/04/2011 for the course REAL ESTAT 40 taught by Professor Robertrooks during the Winter '08 term at El Camino.

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Chapter 3 Liens, Encumbrances, Homesteads -...

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