Florida Uniform Title Standards Chapter 1
34 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What was the reason for the administrative dissolution of the corporation at the time of the conveyance?

  • Failure to file annual report
  • Failure to pay corporate taxes
  • Failure to pay corporate fees
  • All of the above (correct)
  • If the conveyance was to wind up and liquidate the corporation's business and affairs, would it be considered valid?

  • Yes, it would be valid (correct)
  • It depends on the timing of the conveyance
  • No, it would not be valid
  • It depends on the intent of the officers
  • If the officers of the corporation were unaware of the administrative dissolution at the time of the conveyance, and later reinstated the corporation, would the conveyance be valid?

  • The validity of the conveyance would depend on the reason for the administrative dissolution
  • Yes, the conveyance would be valid (correct)
  • No, the conveyance would not be valid
  • The validity of the conveyance would depend on the intent of the officers
  • If the corporation had not yet been administratively dissolved, but had not filed its annual report or paid certain corporate fees and taxes, would the conveyance be valid?

    <p>Yes, the conveyance would be valid</p> Signup and view all the answers

    What is the legal basis for the validity of the conveyance in the third problem?

    <p>F.S. 607.1622 (2017)</p> Signup and view all the answers

    Which of the following cases is cited as supporting the validity of the conveyance in the third problem?

    <p>330 Michigan Ave., Inc. v. Cambridge Hotel, Inc., 183 So. 2d 725 (Fla. 3d DCA 1966)</p> Signup and view all the answers

    What does Section 554(c) of the Bankruptcy Code state?

    <p>Any property scheduled under § 521(1) and not otherwise administered at the time of closing of a case is deemed abandoned to the debtor and deemed administered for the purpose of § 350.</p> Signup and view all the answers

    What happens to unscheduled and unadministered assets?

    <p>They remain property of the estate.</p> Signup and view all the answers

    Which of the following statements is true about abandonment of property in a bankruptcy case?

    <p>Abandonment of property requires notice and a hearing.</p> Signup and view all the answers

    Who can request the abandonment of property in a bankruptcy case?

    <p>A party in interest can request abandonment after notice and a hearing.</p> Signup and view all the answers

    What is the purpose of abandoning property in a bankruptcy case?

    <p>To remove burdensome or inconsequential property from the estate.</p> Signup and view all the answers

    What happens to property of the estate that is not abandoned and not administered in the case?

    <p>It remains property of the estate.</p> Signup and view all the answers

    Who can sign a deed on behalf of a corporation without the need for an authorizing resolution if the deed contains the corporate seal?

    <p>The vice president of the corporation</p> Signup and view all the answers

    Which officers are mentioned in F.S. 692.01 as capable of conveying a corporation's property by deed with the corporate seal?

    <p>The vice presidents and the president</p> Signup and view all the answers

    According to F.S. 689.01, who must sign a corporate conveyance in the presence of two subscribing witnesses?

    <p>Any person other than the president or chief executive officer</p> Signup and view all the answers

    When is an authorizing resolution needed for signing a deed on behalf of a corporation?

    <p>Always, regardless of who signs</p> Signup and view all the answers

    In DGG Dev.Corp.v.Estate of Capponi, what did the court incorrectly cite in relation to signing deeds on behalf of corporations?

    <p>F.S. 689.01</p> Signup and view all the answers

    What did the court correctly include in DGG Dev.Corp.v.Estate of Capponi as officers who could convey corporate property with a deed containing the corporate seal?

    <p>The vice presidents</p> Signup and view all the answers

    Which of the following is NOT a requirement for the execution and recordation of a power of attorney for a deed?

    <p>The power of attorney must be recorded prior to the execution of the deed.</p> Signup and view all the answers

    Which of the following is NOT a requirement for a personal representative to sell non-homestead real property without court authorization or confirmation?

    <p>The personal representative must obtain consent from all heirs and devisees.</p> Signup and view all the answers

    What is the effect of a bankruptcy proceeding on the title of the debtor's real estate?

    <p>The title remains with the debtor, and the bankruptcy trustee can only sell, lease, or use the property.</p> Signup and view all the answers

    What is the effect of a deed purporting to correct a previous effective deed?

    <p>The corrective deed has no effect and the original deed remains valid.</p> Signup and view all the answers

    What is the effect of a corporation's conveyance of all or substantially all of its property and assets?

    <p>The conveyance requires the approval of the corporation's board of directors.</p> Signup and view all the answers

    What is the effect of a personal representative's sale of non-homestead real property with court authorization or confirmation?

    <p>The sale requires the personal representative to obtain a court order authorizing or confirming the sale.</p> Signup and view all the answers

    What is the effect of a deed that conveys property to a tenancy by the entireties?

    <p>The property is owned by the grantees as tenants by the entireties.</p> Signup and view all the answers

    What is the effect of a judgment lien on a mortgagor's after-acquired title?

    <p>The judgment lien attaches to the after-acquired title.</p> Signup and view all the answers

    What is the effect of a corporation's name being omitted from its signature on a conveyance?

    <p>The conveyance is valid and binding, as long as the corporation's name is included elsewhere in the document.</p> Signup and view all the answers

    What is the effect of a personal representative's power of sale on a mortgage held by the estate of a non-resident decedent?

    <p>The personal representative can satisfy the mortgage without any additional requirements.</p> Signup and view all the answers

    What is the recommended action to reflect the marketable title in the official county records?

    <p>Record the petition in bankruptcy, the schedule of liabilities, and the order of discharge in the county where the property is located.</p> Signup and view all the answers

    What happens to the judgment lien against the property owned by the debtor prior to bankruptcy proceedings?

    <p>The judgment lien continues to attach to the property even though the debtor has been personally discharged from the debt.</p> Signup and view all the answers

    What is the effect of a conveyance to an unincorporated voluntary association?

    <p>The conveyance does not operate to vest legal title in the unincorporated voluntary association, unless specifically authorized by statute.</p> Signup and view all the answers

    What was the outcome when Blackacre was conveyed by the unincorporated Wild Life Hunting and Fishing Association to John Doe?

    <p>The conveyance to John Doe was void because the association did not have legal title to Blackacre.</p> Signup and view all the answers

    Which court case is cited in the text as authority for the standard regarding conveyances to unincorporated voluntary associations?

    <p>Reid v. Barry</p> Signup and view all the answers

    What is the significance of the Florida Bar May 2003 CHAPTER 3 CONVEYANCES reference in the text?

    <p>It is the title of the chapter in which the standard regarding conveyances to unincorporated voluntary associations is discussed.</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser