Deeds of Conveyance Salient Features
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Questions and Answers

What is the key requirement for legal ownership to be transferred in a deed of conveyance?

  • Deliberate delivery and acceptance by the grantee (correct)
  • Grantor's acknowledgement
  • Public recording in public records
  • Physical inspection of the deed

    • Which type of notice involves knowledge acquired directly through demonstrable evidence?

  • Public notice
  • Actual notice (correct)
  • Involuntary notice
  • Constructive notice

    • Which type of transfer occurs due to loan default?

  • Involuntary transfer (correct)
  • Descent
  • Voluntary transfer
  • Public grant

    • What type of title involves the proprietor having complete entitlement to a bundle of rights?

    <p>Legal title</p> Signup and view all the answers

    Which requirement is necessary for deed validity?

    <p>Granting clause</p> Signup and view all the answers

    In what type of transfer does escheat occur?

    <p>Involuntary transfer</p> Signup and view all the answers

    What does constructive notice imply in terms of knowledge?

    <p>'Presumed by law' knowledge one could have obtained</p> Signup and view all the answers

    What is one way to acquire equitable title?

    <p>'Capable of acquiring legal title' by complying with creditor terms</p> Signup and view all the answers

    'Knowledge one could have obtained, as presumed by law' is associated with which type of notice?

    <p>'Presumed by law' constructive notice</p> Signup and view all the answers

    'Eminent domain' is a type of involuntary transfer for what purpose?

    <p>'For public good'</p> Signup and view all the answers

    What type of deed states 'I own but won’t defend'?

    <p>Bargain and sale</p> Signup and view all the answers

    What does a General Warranty deed signify?

    <p>Ownership and defense of title</p> Signup and view all the answers

    Which criterion is essential for the validity of a Last Will and Testament?

    <p>Mental capacity</p> Signup and view all the answers

    What is the purpose of Property Transfer Tax?

    <p>To assist in assessing property value for taxation</p> Signup and view all the answers

    What is the characteristic of a Holographic Will?

    <p>Written in testator’s handwriting</p> Signup and view all the answers

    What is the key term for establishing the chronology of property ownership?

    <p>Chain of Title</p> Signup and view all the answers

    What evidence is considered the best form of title evidence?

    <p>Title insurance</p> Signup and view all the answers

    In what situation would Adverse Possession occur?

    <p>When someone claims ownership openly, hostilely, and continuously</p> Signup and view all the answers

    'I may or may not own, and won't defend' is associated with which type of deed?

    <p>'I own but may defend'</p> Signup and view all the answers

    What type of notice involves presenting or inspecting a deed as a form of acquiring knowledge?

    <p>Actual notice</p> Signup and view all the answers

    Which type of title allows a party to potentially acquire legal title by fulfilling certain conditions agreed upon with creditors?

    <p>Equitable Title</p> Signup and view all the answers

    What is a necessary requirement for the validity of a deed in terms of the grantor and grantee?

    <p>Must be in writing</p> Signup and view all the answers

    Involuntary Transfer due to loan default is associated with which process?

    <p>Foreclosure</p> Signup and view all the answers

    What type of deed indicates 'I may or may not own, and won't defend'?

    <p>Quitclaim Deed</p> Signup and view all the answers

    What does Constructive notice imply in terms of knowledge?

    <p>Knowledge presumed by law that one could have obtained</p> Signup and view all the answers

    'Eminent domain' is used for what purpose?

    <p>Public good acquisition</p> Signup and view all the answers

    'Escheat' occurs in which type of transfer scenario?

    <p>Involuntary Transfer</p> Signup and view all the answers

    Which type of notice involves recording in public records 'for all to see'?

    <p>Constructive notice</p> Signup and view all the answers

    What must be present in a deed for it to be considered valid?

    <p>Grantor's signature and acknowledgement</p> Signup and view all the answers

    What does a Quitclaim deed signify?

    <p>The owner may or may not own, and won't defend</p> Signup and view all the answers

    Which type of deed states 'I own and will defend'?

    <p>General warranty deed</p> Signup and view all the answers

    What is the purpose of a Suit to Quiet Title?

    <p>To settle claims and disputes regarding ownership</p> Signup and view all the answers

    In which type of transfer does escheat occur?

    <p>Intestacy with No Heirs</p> Signup and view all the answers

    What does a Torrens Registration serve as in title evidence?

    <p>Marketable title</p> Signup and view all the answers

    Which form of title evidence is best assured by a title insurance policy?

    <p>Title insurance</p> Signup and view all the answers

    Which deed type implies 'I own and warrant myself only'?

    <p>Special warranty deed</p> Signup and view all the answers

    What defines an involuntary property title transfer through Adverse Possession?

    <p>A statutory period of continuous, unconcealed possession by an unwanted individual</p> Signup and view all the answers

    What is the main characteristic of a Nuncupative Will?

    <p>Oral will written by witnesses; generally not valid for property transfer</p> Signup and view all the answers

    What type of transfer occurs after an individual's death with legal heirs present?

    <p>Testate Death with Heirs</p> Signup and view all the answers

    What type of notice involves recording in public records 'for all to see'?

    <p>Constructive notice</p> Signup and view all the answers

    In what type of transfer does Adverse Possession occur?

    <p>Involuntary transfer</p> Signup and view all the answers

    What is the key requirement for legal ownership to be transferred in a deed of conveyance?

    <p>Delivery</p> Signup and view all the answers

    Which form of notice involves knowledge acquired directly through demonstrable evidence?

    <p>Actual notice</p> Signup and view all the answers

    What does a Quitclaim deed signify?

    <p>No ownership guarantee</p> Signup and view all the answers

    Which requirement is necessary for deed validity?

    <p>Consideration clause</p> Signup and view all the answers

    'Eminent domain' is used for what purpose?

    <p>Acquiring property for public good</p> Signup and view all the answers

    'Legal Title' implies what kind of entitlement for the proprietor?

    <p>'Complete entitlement to a bundle of rights'</p> Signup and view all the answers

    What is the key purpose of Property Transfer Tax?

    <p>To assist in ad valorem assessment</p> Signup and view all the answers

    In the context of deeds, which type signifies 'I may or may not own, and won't defend'?

    <p>Quitclaim deed</p> Signup and view all the answers

    What is the characteristic of a Nuncupative Will?

    <p>Oral will written by witnesses</p> Signup and view all the answers

    In property title records, what is the main purpose of an Abstract of Title?

    <p>Provide a written chronology of ownership</p> Signup and view all the answers

    Which form of title evidence is considered the best assurance by delivering a marketable title free from claims?

    <p>Title insurance</p> Signup and view all the answers

    What must be demonstrated for an individual to assert ownership over a property through Adverse Possession?

    <p>'Claim of right' as reason for possession</p> Signup and view all the answers

    In Last Will and Testament criteria, what is meant by 'Entitlement to create a will'?

    <p>'Voluntary action' execution</p> Signup and view all the answers

    Concerning involuntary property title transfer, what defines 'Notorious' possession?

    <p>'Unrecorded' claims on title</p> Signup and view all the answers

    'Chain of Title' in property records refers to which aspect?

    <p>'Successive owners' from original grant</p> Signup and view all the answers

    'Cloud on Title' in property records typically refers to what?

    <p>'Unrecorded claims'</p> Signup and view all the answers

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