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Principle Lesson 3

Principle Lesson 3 - Lesson 3 Cumulative Quiz 1...

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Lesson 3 Cumulative Quiz 1. Transferring ownership from one party to another, by any means, is called: A. alienation 2. An attorney in fact is: C. a legally competent person representing another person through a power of attorney 3. In a title insurance policy, the title company: C. agrees to indemnify the policy holder against losses due to defects covered by the policy 4. The usual reason for using a quitclaim deed is to: D. cure clouds on the title 5. In addition to requiring a deed to be in writing, the statute of frauds also requires that the deed must be: D. signed by the grantor 6. A valid deed must contain: A. an adequate description of the property 7. When a grantor swears before a notary public that her signature on the deed is genuine and voluntary, it is called: B. acknowledgment 8. A testator devises: C. real property 9. An adverse possessor's use and possession of the land must be: B. open and notorious
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10. To be valid, a will generally must be: D. witnessed by at least two competent witnesses
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Principle Lesson 3 - Lesson 3 Cumulative Quiz 1...

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