Term
When a deed is executed under SEAL, it is presumed:
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Definition
| When a deed is signed and executed under seal, it is presumed that consideration was exchanged. |
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Term
A declaration before an authorized official, usually a notary public, that the deed has been signed voluntarily is known as:
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Definition
| An acknowledgment is a formal declaration made by the grantor in the presence of an authorized official, usually a notary public, that the deed was signed voluntarily. |
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Term
The word attestation refers to:
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Definition
| Attestation refers to the witnessing of a signing. |
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Term
The purpose of a (an) ________________ is to prevent forgery and fraudulent inducement of conveyance.
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Definition
| An acknowledgment is a requisite in many states for recording. Without recording the instrument, public notice of ownership cannot be given; thereby permitting third parties to possibly acquire rights in the same property. |
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Term
Grandfather decided to convey by deed to his granddaughter a piece of property. Grandfather requested his neighbor to witness the signing of his signature and to sign the deed as a witness. This procedure is known as:
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Definition
| The procedure of a person witnessing a grantor's signature and signing the deed as a witness in the grantor's presence is called attestation. |
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Term
A deed is acknowledged by:
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Definition
| The grantor acknowledges that the conveyance was voluntary. |
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Term
A deed which guarantees good title to the property, is known as a:
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Definition
| A warranty deed guarantees good title to the property, but does not guarantee the physical condition of the property. |
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Term
In a warranty deed, title protection is either assured by expressed or implied covenants. Which of the following is NOT included in the covenants?
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Definition
| The doctrine of laches states that a person is prevented from asserting a claim or right for his/her failure to assert such claim or right in a timely fashion. All other answers are covenants found in the warranty deed. |
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Term
The deed offering the most comprehensive title protection of any deed is:
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Definition
A general warranty deed offers the most comprehensive title protection of any deed. |
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