Chapter 2 Quiz

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Chapter 2 Quiz
2013-02-19 18:55:00

Chapter 2
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  1. Community property is property owned by
    A) Churches
    B) A husband and wife
    C) The children of deceased parents
    D) The community
    husband and wife
  2. Severalty ownership of real estate means:
    A) Ownership by several persons
    B) There are several ways to own real estate
    C) Sole ownership by one person
    D) severance resulting from condemnation proceedings
    Sole ownership by one person
  3. Escheat is a legal term meaning:
    A) That a fraud has been committed
    B) Property has reverted to the state
    C) An agent's license has been revoked
    D) Property under a trust deed has been reconveyed
    Property reverted to the state
  4. A married Woman can will:
    A) None of the community property
    B) 1/2 of the community property
    C) All of the separate property of her husband
    D) All of her property held in joint tenancy
    1/2 of the community property
  5. Effective delivery of a deed depends upon the:

    A) Knowledge of its existence by the grantee
    B) A personal transfer of the deed to the grantee
    C) Intention of the grantor
    D. Valid acknowledgement by the grantor
    Intention of the grantor
  6. The unities that are necessary to create a joint tenancy relationship in the ownership of real property are:

    A) Grantees, ownership, claim of right, and possession
    B) Title, marriage and survivorship
    C) Possession, title, interest and time
    D) Possession, heirs and fee simple title
    Title, Time, Interest, possession
  7. If you hold title to property in joint tenancy with another or others, you may:

    A) Sell your interest in the property
    B) Will your interest in the property
    C) Hold a lesser interest than the other joint tenants
    D) Not transfer your interest in any manner without the consent of the other joint tenants
    Sell your interest in the property
  8. The one unity held with the other co-owners in a tenancy in common relationship is

    A) Time
    B) Title
    C) Interest
    D) Possession
  9. A will in which the signature and the material provisions of the will are in the handwriting of the maker, is called a :

    A)Holographic Will
    B) Nuncupative will
    C) Intestate will
    D) Witnessed Will
    Holographic Will
  10. The person who acquires real property under the terms of a will is known as:

    A) A devisee
    B) An administrator
    C) A testator
    D) an executor
  11. The deed, which transfers title to real property but contains no express or implied warranties is

    A) A grant deed
    B) A warranty deed
    C) quitclaim deed
    D) All of the preceeding
    quitclaim deed
  12. In order for a deed to transfer title it must be:

    A) Acknowledged
    B) Recorded
    C) Assigned
    D) Delivered
  13. A deed would be void and invalid if the grantee:

    A) was a minor
    B) was incompetent
    C) Took title under an assumed name
    D) Was a deceased person
    deceased person
  14. A gift deed that has been delivered and recorded could be set aside or voided by:

    A) The grantor
    B) a future grantee
    C) A creditor of the grantor
    D) A relative of the grantor
    A Creditor of the grantor
  15. Title to real property acquired by adverse possession is usually perfected by:

    A) Recording the claim
    B) Selling the property
    C) A quiet title action
    D) Prescription
    quiet title action
  16. The most distinguishing characteristic of a joint tenancy holding is:

    A) Survivorship 
    B) The equal right of possession
    C) The undivided interest
    D) The right to will the interest
  17. Under California law, title to real property can be transferred in all of the following ways except by:

    A) Succession
    B) Accession
    C) Sufferance
    D) Deed
  18. The gradual and imperceptible accumulation of soil on property bordering a stream or river is known as:

    A) Avulsion
    B) Accretion
    C) Annexation
    D) Prescription
  19. The reverting of property to the State after five years for lack of heirs, is known as:

    A) Escheat
    B) Intestate property
    C) Appropriation
    D) Defaulted property
  20. The signature on a deed is acknowledged by the

    A) Grantor
    B) County Recorder
    C) Grantee
    D) Escrow officer