Question
1.An easement by necessity is terminated when the necessity ends. Group of answer choices True False 2. A possibility of reverter is the future interest
1.An easement by necessity is terminated when the necessity ends.
Group of answer choices
True
False
2. A possibility of reverter is the future interest that follows a life estate.
Group of answer choices
True
False
3. A quitclaim deed must specify what interest is being transferred in order to be valid.
Group of answer choices
True
False
4. A warranty deed:
Group of answer choices
provides title to the land being conveyed if that title exists.
guarantees that the grantor can pass title.
need not be signed by the grantor.
guarantees that title insurance is available for coverage.
5. In general, a mortgagor is under a duty to:
Group of answer choices
make improvements to the mortgaged property.
insure the property.
pay taxes and assessments on the property.
reimburse the mortgagee for expenditures made by the mortgagee for valuable and lasting improvements.
6. Mechanic's liens do not apply to real property.
Group of answer choices
True
False
7. O conveys title to A on Day 1.
O conveys title to the same land to B on Day 2.
B records on Day 3.
A records on Day 4.
Who has title to the property under a race-notice statute?
Group of answer choices
A
B
A and B share joint title
O retains title
8."To my wife for life and then to my children" is an example of:
a fee simple defeasible.
a fee simple.
a life estate and a remainder.
a future interest estate.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started