Deck 42: Transfer of Real Property

Question 1

In the absence of a statute or an agreement between the parties requiring a warranty deed, a quitclaim deed may be used in making all conveyances of real property.

Answer 1

True

Question 2

In an affirmative covenant, a grantee agrees to refrain from doing something.

Answer 2

False

Question 3

A _____ deed warrants that a grantor has good title to a real property and further warrants that the grantor will defend the grantee against all claims by third parties.

A) specific warranty
B) quitclaim warranty
C) conditional warranty
D) general warranty

Answer 3

D

Question 4

It is mandatory to record a deed in order to complete the transfer of title.

Question 5

A special warranty deed warrants that a grantor has the right to sell a personal property.

Question 6

The title to real property passes before the delivery of the deed.

Question 7

Which of the following best describes a deed?

A) It is a writing, signed by the owner, conveying title to real property.
B) It is a writing, signed by the owner, conveying the right to temporarily use personal property.
C) It is an unsigned document, conveying title to personal property.
D) It is an unsigned document similar to a rental agreement.

Question 8

The abstract of title shows whether or not there are any unpaid taxes on a property.

Question 9

Which of the following is true of abstract of title?

A) It shows if there are any unpaid taxes or judgements.
B) It provides evidence of any past forgeries of signature.
C) It specifies if there any personal property additions with the property.
D) It is prepared by the grantor.

Question 10

A covenant in which a grantee agrees to refrain from doing something is known as a(n) _____.

A) descriptive covenant
B) mutual covenant
C) negative covenant
D) affirmative covenant

Question 11

A deed that transfers whatever interest a grantor has in a property is known as a _____.

A) conditional deed
B) quitclaim deed
C) general warranty deed
D) warranty deed

Question 12

Even when an owner makes a gift of real property, the transfer must be evidenced by a deed.

Question 13

A person receiving title to property is known as a grantor.

Question 14

Which of the following best describes a covenant?

A) It is a promise contained in a deed.
B) It is a nominal consideration contained in a deed.
C) It is a description of property contained in a deed.
D) It is a value of consideration contained in a deed.

Question 15

Which of the following is a provision in a deed?

A) The spouse of the grantee must sign the deed along with the grantee as a witness.
B) The grantee's marital status must be mentioned in the deed.
C) The grantor's personal income must be mentioned in the deed.
D) The statement of the consideration paid by the grantee must be mentioned in the deed.

Question 16

_____ consists of a grantor intending to give up title, possession, and control over the property.

A) Easement
B) Delivery
C) Control
D) Acknowledgment

Question 17

A married grantee must have his or her spouse also sign the deed.

Question 18

In a deed, the grantor and the grantee must be identified by name.

Question 19

Explain any two provisions contained in a deed.

Question 20

Any amount paid to a grantor for his property is a consideration.