FREE AND STUDY GAMES ABOUT CH 9 EXAM QUESTIONS

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FREE AND STUDY GAMES ABOUT CH 9 EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

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-Guarantee passing score -20 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: An owner of real estate was committed to a state mental institution. While institutionalized, the owner wrote and executed a will. The owner later died and was survived by a spouse and three children. The real estate will pass _____

Answer:

According to the law of descent. An individual declared legally incompetent does not have capacity to execute legal documents.Question 2: Which deed would be most likely to recite the full, actual consideration paid for the property?

Answer:

Deed executed pursuant to court order. Deeds executed pursuant to court order recite the full, actual consideration paid for the property.Question 3: The grantee receives the greatest protection with what type of deed?

Answer:

General Warranty. It binds the grantor to covenants or warranties that provide a grantee with the greatest protection of any type of deed.

Question 4: Generally, where does a probate proceeding involving real property take place?

Answer:

Both the county where the decedent resided and the county in which the property is located.

Question 5: What is required for a valid deed in Pennsylvania ?

Answer:

Grantors signature. Pennsylvania, unlike some other states, does not require a seal or the word seal to be written or printed after the grantors signature. Only the grantor is required to sign the deed, not the grantee.

Question 6: In Pennsylvania, what is required for a valid will?

Answer:

Signed by a testator. (The person who is making the will)

Question 7: What best describes the covenant of quiet enjoyment?

Answer:

The grantor guarantees that the title will be good against the title claims of third parties. Of the five covenants in a general warranty deed, the covenant of quiet enjoyment establishes that the grantee's claim to title will be defended against3rdpartys Question 8: The deed states that the grantor is conveying all rights and interests of the grantor to have and to hold by the grantee. This is the ____

Answer:

Habendum Clause . It follows the granting clause and begins with the words to have and to hold; its provisions must agree with those stated in the granting clause.Question 9: What will happen to the real estate if the deceased owner did not write a will and has no heirs?

Answer:

The ownership will escheat. When a person dies intestate (with no will) and no heirs, the title to the estate passes to the state by the state's power of escheat.Question 10: A 15 year old boy recently inherited many parcels of real estate from his late father and has decided to sell one of them to pay inheritance taxes. If the boy enters into a deed conveying his interest in the property to a purchaser, it would be

Answer:

Voidable. A deed executed by a minor is voidable, not void. Minors can disaffirm a conveyance until they reach majority age and for a reasonable time thereafter.

Question 11: Which deed merely implies but does not specifically warrant that the grantor holds good title to the property?

Answer:

Bargain and Sale deed. It contains no expressed warranties against encumbrances but does imply that the grantor holds title to the property.Question 12: The deed that grants and releases and implies that the grantor has title is a ____

Answer:

Bargain and sale deed. Although a bargain and sale deed contains no express warranties against encumbrances, it does imply that the grantor holds title and possession of the property.Question 13: A grantor does not wish to be responsible for defects in the title that arise from previous owners but will guarantee the title for the time the grantor has ownership. What type of deed would the grantor convey?

Answer:

Special warranty deed. A special warranty deed contains to basic warranties: that the grantor received title and that the property was not encumbered during the time the grantor held title, except as noted in the deed.

Question 14: The probate court will distribute property held _____

Answer:

In severalty by the deceased. Assets distributed through probate are those that do not otherwise distribute themselves, such as those held in joint tenancy or by the entirety, which transfer ownership upon the death of the owner.

Question 15: Normally a deed will be considered valid even if ____

Answer:

It is signed by an attorney in fact rather than the seller.Question 16: A single person owned a parcel of land. Subsequent to the owners death, the probate court determined the distribution of the land in accordance with the states statutes.This person ____

Answer:

died intestate.

Question 17: How can property be voluntarily transferred to another party?

Answer:

By deed.

Question 18: It is essential that every deed be signed by the

Answer:

Grantor. Only a grantor executes (signs) the deed. Title passes when the deed is delivered and accepted by the grantee.

Question 19: What is an example of involuntary alienation

Answer:

Having a piece of land sold for delinquent taxes.Question 20: The seller conveyed a quitclaim deed to the buyer. Upon receipt of the deed, the buyer may be certain that ____

Answer:

the seller has renounced all claims to the property.