Chapter 3 Quiz

Which of the following would be classified as a voluntary lien?

A) Trust Deed
B) Attachment
C) Tax Assessment
D) Mechanic's Lien

An abstract of Judgment that is recorded becomes:

A) A specific Lien
B) An easement on the property of the debtor
C) a general lien on all real property of the defendant in the county where it is recorded
D) A voluntary lien on all of the property involved

The legal seizure of property which is to be held for payment of money pending the outcome of a suit to enforce collection of a debt is called

A) A writ of execution
B) An attachment
C) A Judgment
D) A lis pendens

A restriction placed in a grant deed that is classified as a "condition" usually carries a:

A) Right of Remainder
B) Right of exchange
C) Forfeiture Clause
D) Release Clause

C.C. & R's. are most often found in which of the following documents?

A) Judgment
B) Deed
C) Exclusive right to sell
D) Acknowledgement

The right of a public utility company to string wires overhead so it can furnish electrical power to a new subdivision would be classified as:

A) An appurtenant 
B) An easement in gross
C) An electrical easement
D) A public easement

The Standard Form policy of title insurance does not protect against loss resulting from:

A) Encroachments
B) Liens and encumbrances of record
C) Lack of capacity of the grantor
D) Forgery in the chain of title

A homestead protects against a judgment by an unsecured credtitor if the judgment:

A) Is a result of a trust deed foreclosure
B) Was recorded before the acquisition of the homesteaded property
C) Was awarded by the court after the homestead was recorded
D) Results from unpaid taxes

Once a notice of completion has been recorded by the owner, the right of an original contractor to file a mechanic's lien expires in:

A) 10 days
B) 30 days
C) 60 Days
D) 90 days

When Real Property is subject to a lien it is said to be:

A) Leased
B) Alienated
C) Encumbered
D) Appropriated

The most effective way for buyers to protect themselves from losing their right of ownership to land is to:

A) Take physical possession of the property
B) Obtain a policy of title insurance
C) Record the deed
D) Record a Homestead

Rates for title insurance are set by the:

A) Department of Real Estate
B) Corporations Commissioner
C) Title insurance company
D) Department of Insurance

An order by a court directing real property to be sold to satisfy a lien is called:

A) An abstract of judgment
B) A writ of execution
C) A deficiency Judgment
D) an injunction

After the court has rendered a judgment, the instrument that is recorded that creates a lien is:

A) A writ of attachment
B) A Release
C) A Writ of Execution
D) An abstract of Judgment

Once an abstract of judgment is recorded it remains a lien for:

A) One year
B) Three Years
C) Five years
D) Ten Years

An easement acquired by a deed may be terminated by any of the following ways except by:

A) Adverse possession
B) Non-use for ten consecutive years
C) A grant deed
D) Express release

A "title plant" in relation to real estate records is:

A) A false document that was recorded to give wrong information
B) An accumulation of various recorded documents
C) The same as a Final subdivision report
D) A policy of title insurance

The terms "ingress" and "egress" usually pertain to:

A) Title Insurance
B) Liens
C) Easement
D) Condemnation

An easement by prescription would most likely be created by:

A) Eminent Domain
B) Duress or undue influence
C) Open and notorious use over a long period of time
D) Filing a homestead on government land

A homestead offers no protection against:

A) Mechanic's lien
B) Real property Taxes
C) Prior recorded liens
D) Any of the preceding