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Exam 3: Conveying Real Property Interests

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Question 1

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Most often used in the description of urban property,which of the following methods of land description contains information regarding the location of various easements and may even contain a list of restrictive covenants?

A) metes and bounds
B) subdivision plat lot and block number
C) government rectangular survey
D) tax parcel number

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Question 2

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In order for a deed to be a valid conveyance of property,there must be an observable,verifiable transfer of the deed to the grantee.Typically this is accomplished when the grantor hands the deed to the grantee at closing.Which of the following basic requirements of a deed does this represent?

A) Acknowledgment
B) Delivery
C) Words of conveyance
D) Recital of consideration

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Question 3

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A contract for sale of real estate usually calls for the seller to provide evidence of title as a requisite to completing the sale.Today,the predominant medium through which a seller meets this requirement is by providing:

Initially used to survey the Old Northwest Territory (Ohio,Indiana,Illinois,and Michigan) in 1789,which of the following methods of land description relies on townships and section numbers as essential units of identification?

Once a document conveying an interest in real property is placed in the public records it is binding on the public,whether or not they make an effort to learn of it.Based on the common law tradition,this policy is known as the:

At the death of a property owner,property will convey either in accordance with a will or without a will.If a will dictates the distribution of the decedent's real property,the property is Said to be:

Which of the following clauses contained in a deed defines or limits the type of interest being conveyed?

Consider the following excerpt from a sample deed: "The Seller is lawfully seized in fee simple of the above described property,less and except a prior reservation of all oil,gas and mineral rights in the property conveyed." The underlined portion of the preceding statement represents which of the following basic requirements of a deed?

Consider the following excerpt from a sample deed: "The Seller,for itself and its heirs,hereby covenants with the Buyer,its heirs and assigns forever,that the Seller is lawfully seized in fee simple of the above described property." The underlined portion of the preceding statement represents which of the following basic requirements of a deed?

Consider the following excerpt from a sample deed: "The Seller covenants with The Buyer that it has a good right to convey,that the property is free from all encumbrances,and that it forever warrants to defend all of the property so granted to The Buyer against every person lawfully claiming the same." Based on your understanding of the relation between a deed's covenants and the type of deed being conveyed,which type of deed is being conveyed in the statement above?

The type of deed offered by the grantor is communicated through a phrase such as "does herby grant,bargain,sell and convey unto ..." This clause is referred to as the:

A deed is a special form of written contract used to convey a permanent interest in real property.Unlike most contracts,a deed requires:

One of the most important requirements of a land description is for it to be unambiguous.Which of the following methods of property description is the most unambiguous and is appropriate for use in legal documents?

The covenants in a deed are the most important differences among types of deeds.Which of the following covenants promises that the grantor truly has good title and the right to convey it?

Which of the following covenants in a deed promises that the property will not be claimed by someone with a better claim to title?

While several kinds of real property conveyances result from events beyond the control of the grantor,the majority of conveyances are voluntary through a deed.Which of the following is an example of a voluntary conveyance of real property with a deed?

Considered a "questionable conveyance of title" by most courts,which of the following types of deeds is worded to imply no claim of title,but rather only convey what interest the grantor actually has? (Hint: This type of deed may be used by a developer to convey certain lands of a subdivision to the local government through dedication. )

The most flexible method of land description,capable of describing even the most irregular of parcels,can be described as a very precise,compass-directed walk around the boundary of a parcel.This method is commonly referred to as:

A law requiring any contract conveying a real property interest to be in writing in order to be enforceable is a modern application of the:

Although deeds can only deliver what a grantor actually owns,they can still vary in "quality." Which of the following types of deeds is considered to be the "highest quality" because it contains the full set of legal promises the grantor can make?