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Ga Real estate Liscence
Chapter 4 Voluntary Title Tranfer
8
Real Estate & Planning
Professional
12/05/2011

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Cards

Term
In regard to the making of a will, which of the following is true?
 
A holographic will is in the testator's handwriting.
A nuncupative will is used to convey real property.
Once made, a will cannot be changed.
A formal will does not need witnesses.
Definition
 A holographic will is in the testators handwriting
 
   
   
   
Term

___________________ is the act of the testator creating the will under his/her own free will absent of fraud, misrepresentation, menace or undue influence.
 

Mutual assent
Estoppel.
Doctrine of laches.
Genuine assent.
Definition

Genuine Assent

Genuine assent is the act of the testator creating the will under his/her own free will absent of fraud, misrepresentation, menace or undue influence.

Term

All of the following are voluntary transfers EXCEPT:
 

By adverse possession.
By will
By patent
By sale
Definition
By adverse posession
Term

Which of the following are legal requirements for making a valid will in most states?

I. Legal age.
II. Sound mind and testator's signature.
III. Free will and intent to dispose of property according to some plan.
IV. Presence of witnesses and their signatures. 
II and IV only
I and II only
I, II, III and IV
II, III and IV
Definition
All four statements apply in most states.
Term

Nuncupative wills are made orally by a testator in expectation of death. Wills of this nature:
 

Are effective for disposing both personal and real property.
Are effective for disposing real property only.
Cannot convey real or personal property until validated by the probate court.
Are effective for disposing personal property only.
Definition
Nuncupative/oral wills in anticipation of death are effective for disposing of personal property.
Term

A government document conveying title to public land to a private individual is called:
 

Inverse condemnation.
Patent.
Dedication.
Eminent domain.
Definition
A patent is a government document which conveys title to public land to a private individual.
Term

In regard to the making of a will, which of the following is true?
 

A nuncupative will is used to convey real property.
Once made, a will cannot be changed.
A holographic will is in the testator's handwriting.
A formal will does not need witnesses.
Definition
A holographic will is in the testator's handwriting.
Term

Voluntary alienation can be accomplished by:

I. Contract for sale and warranty deed.
II. Transfer of title by descent.
III. Quit claim deed.
IV. Execution sale and sheriff's deed.


 

III and IV only
II and IV only
I and III only
I and II only
Definition
A quit claim deed or a contract for sale and warranty deed can achieve a voluntary alienation.
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