Chapter 3 Quiz Sample

Chapter 3 Quiz Sample - Principles of California Real...

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Principles of California Real Estate Chapter 3 Quiz 1. The power of eminent domain may be used by: A. cities B. public utilities C. public universities D. All of the above 2. When acquiring a parcel of real property, Liz purchased a standard policy of title insurance. This will protect against all of the following, except: A. forgery of a deed in the chain of title to the property B. lack of capacity of a party to a previous transaction that affected title to the property C. easements or liens on Liz's property that are not shown by public records D. the delivery of a deed in the chain of title where the grantor did not intend to convey title 3. Accession occurs when: A. property is passed to heirs according to statute when a person dies without a will B. a buyer accedes to terms of a contract C. property is added through the process of accretion D. property is transferred using only a quitclaim deed 4. Ed executes a deed to Ned and Ned records it. Ed later tries to set the conveyance aside, claiming that the deed was never delivered. Why is Ed's argument unlikely to succeed? A. Ned has already taken possession of the property
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This note was uploaded on 01/26/2012 for the course FIN 365 taught by Professor Staff during the Spring '11 term at S.F. State.

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Chapter 3 Quiz Sample - Principles of California Real...

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