Unit 13 Quiz Attempt #4

Unit 13 Quiz Attempt #4

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Question 1 of 15

1. Question
A seller must show that the title is free of what to show marketable title
- Claims that could affect value and an attorney's opinion
- A title certificate and claims that could affect value
- Doubts about the identity of the current owner and defects
- None of the above
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Question 2 of 15

2. Question
When a person dies with a valid will, he/she is said to have died
- Probate
- Estoppel
- Intestate
- Testate
- Devastate
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Question 3 of 15

3. Question
What does an estoppel prevent?
- prevents the gradual build-up of land through the action of wind and water. The deposited material is called alluvion or alluvium
- prevents a person from claiming a right or interest that is inconsistent with the person’s statements or acts.
- prevents the government from taking lands
- All the above
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Question 4 of 15

4. Question
A formal will is made orally, in expectation of impending death. It must be properly witnessed by those who heard it and reduced to writing within a specified time. It is effective only for the disposition of personal property
- The statement is true
- False, that is a legacy will
- False that is a holographic will
- False that is a nuncupative will
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Question 5 of 15

5. Question
Which of the following is not an example of a voluntary transfer?
- Transfer by Sale
- Eminent Domain
- Public Grant
- Transfer by Gift
- Transfer by will
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Question 6 of 15

6. Question
Which of the following terms below is best described as when the government has the right to take an owner’s property and convert it into public use?
- Foreclosure
- Abandonment
- Eminent Domain
- Public Grant
- Laws of Descent
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Question 7 of 15

7. Question
Define adverse possession?
- Where the owner acquires the title to new land through a process known as accession
- This is when someone who lives and uses another person's property without the consent of the owner is awarded title to the property after a certain amount of time.
- When the government gifts land to a private individual or group of people.
- Where the owner acquires the title to new land through a process known as accession
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Question 8 of 15

8. Question
To show a marketable title in Georgia, how many years is usually considered sufficient?
- 10 years
- 40 years
- 55 years
- 70 years
- 50 years
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Question 9 of 15

9. Question
______ of a title is a promise by the grantor that certain conditions of the title exist.
- Chain
- Evidence
- Insurance
- Covenant
- Fiduciary
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Question 10 of 15

10. Question
A promise that the grantee will not suffer interference from others having superior claim to the title is defined as?
- Covenant Against Encumbrances
- Covenant of Further or Future Assurance
- Covenant of Seisin
- Covenant of Warranty Forever
- Covenant of Quiet Enjoyment
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Question 11 of 15

11. Question
What is the name of the clause in a deed that conveys the rights of ownership?
- granting clause
- exchange clause
- bargain clause
- acknowledgement clause
- reservation clause
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Question 12 of 15

12. Question
What is the function of a Mortgagee’s standard title insurance policy?
- it makes the seller liable for any defects in the title
- it protects the seller from all liability in the case of defects in the title
- it protects the buyer from all liability in the case of defects in the title
- it protects the lender from all of the defects in the title
- it protects the lender from some but not all of the defects in the title
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Question 13 of 15

13. Question
Which of the following is not true about a title report
- its an instrument used to reconvey title to a trustor under a deed of trust once the debt has been satisfied.
- it is a bi annual calcuation used to make sure the correct amount of of money for anticipated expenditures is being collected, the lender is performing
- it is a document descrbing the improvements or additions to real property
- All of the above
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Question 14 of 15

14. Question
Deeds, as well as, other documents are recorded where in Georgia?
- the Georgia Bureau of Recordation
- in the county court
- in a real estate office
- in the city's court
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Question 15 of 15

15. Question
A cloud on title can be describe as:
- A condition that cannot be removed except by deed, release, or court action
- Any condition revealed by a title search that adversely affects the title to real estate
- Neither of the answers describe a cloud on title
- A condition that cannot be removed except by deed, release, or court action & Any condition revealed by a title search that adversely affects the title to real estate
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