FREE AND STUDY GAMES ABOUT CH6 NAT BK CH8 CT BK

PDF Download

FREE AND STUDY GAMES ABOUT CH6 NAT BK CH8 CT BK

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -18 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Which type of deed merely implies but does NOT specifically warrant that the grantor holds good title to the property?A)Quitclaim B)Special warranty C)Trust deed D)Bargain and sale

Answer:

bargain and sale. By giving a bargain and sale deed, the grantor implies ownership and possession of the property, but there are no express warranties against encumbrances.Question 2: A married man died w/o a will, his estate would be taken by his wife if the a.man had no previous spouses b.man had no surviving children, grandchildren, parents c.man's estate valued less than 100K d.man's estate created after he married current wife

Answer:

• Intestate distribution chart on pg 118 says there is only a spouse with no children, parents.... (ex wife

has nothing to do with it), then wife gets all.

Question 3: A form authorizing one person to execute documents for another is called A)a power to represent.B)a quitclaim deed.C)a release deed.D)a power of attorney.

Answer:

power of attorney. That document is a power of attorney; the person named in it is an attorney-in-fact.Deeds do not authorize one person to act for another.Question 4: The prescriptive period in the state of CT to acquire title to real property through adverse possession is

• 7 years
• 10 years
• 15 years
• 20 years

Answer:

• 15 years

Question 5: Since acquiring a piece of prop, a woman legally changed her name. To convey that prop by valid deed, the woman should use a.name as it appears on deed b.present her legal name c.name on the deed and the present legal name

• name she wishes to use

Answer:

• If the grantor has changed her name since acquiring the property to be conveyed, both names should

be included on a deed.

Question 6: A person who has died without a will has died

A)under the acknowledgment clause.B)in valid conveyance.C)testate.D)intestate.

Answer:

intestate. When a property owner dies intestate, title to the property will pass to the decedent's heirs, as provided in the state laws of descent.

Question 7: Where does a probate proceeding involving real prop take place?

AIn county where executor or bene live BOnly in county where prop is located COnly in county where decedent resided DIn both county where decedent resided & county where prop is located

Answer:

both the county where the decedent resided and the county in which the property is located. There will be two probates conducted: one in the county where the decedent resided and another in the county where the real estate is located.Question 8: Title to real estate may be transferred during a person's lifetime by A)devise.B)escheat.C)descent.D)involuntary alienation.

Answer:

Involun alienation. Transfer of title by devise (will), descent (death intestate), or escheat (for lack of a will & heirs) occur after death. Involuntary alienation, such as condemnation, foreclosure sale, or tax sale, occur during a person's lifetime.Question 9: To be valid, a deed must contain all below except:

• signature of grantor
• signature of grantee
• signature of witnesses
• an acknowledgement

Answer:

• Sig. of grantee.

Question 10: Title to real estate can be transferred upon death by what type of document?A)Will B)Warranty deed C)Special warranty deed

D)Quitclaim deed

Answer:

will. A will transfers title to real estate upon the death of the testator. Deeds must be delivered and accepted during the lifetime of the grantor to transfer title.Question 11: How old must a citizen o fCT be before he may prepare a legally binding will?

• 15 (as long as real property is not involved)
• 18
• 21
• any age (as long as the will is legally witnessed and recorded)

Answer:

• 18

Question 12: A warranty deed differs from a quitclaim deed in that it

• is valid
• conveys fee simple title
• cures any title defects
• contains guarantees made by the grantor to the grantee

Answer:

• Both convey valid title, if the grantor has title to convey & both can convey fee simple. Neither cures

title defects; however, if warranty deed is given & there is an undisclosed defect, grantee would be able to sue the grantor on the guarantees.

Question 13: The grantee receives greatest protection with what type of deed?

A)Executor's B)Bargain and sale with covenant C)General warranty D)Quitclaim

Answer:

general warranty. In the general warranty-often just called warranty-deed, the grantor makes more promises and gives the grantee more covenants than in any other deed.