Question 1

The Fair Housing Act is Title VIII of the Civil Rights Act.

Accepted Answer

A) True 
 B)False  True

Question 2

The case of VonHoldt v.Barba & Barba Construction,Inc.held that:

Accepted Answer

A) the implied warranty of habitability does not include actions against a builder brought by a subsequent purchaser for latent defects in an addition to a home. 
B) the plaintiff's complaint should not have been dismissed by the lower court. 
C) when a builder makes a significant addition to a previously built home, an action for damages resulting from latent defects affecting habitability exists under the doctrine of implied warranty of habitability. 
D) Both (b) and (c). 
A) the implied warranty of habitability does not include actions against a builder brought by a subsequent purchaser for latent defects in an addition to a home. 
B) the plaintiff's complaint should not have been dismissed by the lower court. 
C) when a builder makes a significant addition to a previously built home, an action for damages resulting from latent defects affecting habitability exists under the doctrine of implied warranty of habitability. 
D) Both (b) and (c). C

Question 3

The traditional common law rule regarding the sale of property is caveat emptor which means,"let the seller beware."

Accepted Answer

A) True 
 B)False  False

Question 4

An exemption from application of the Fair Housing Act applies to single-family homes owned by private individuals who own fewer than four houses.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following are the most usual covenants to convey title of realty?

Accepted Answer

A) Covenant of title. 
B) Covenant against encumbrances. 
C) Quiet enjoyment. 
D) All of the above. 
E) Both (a) and (b), but not (c). 
A) Covenant of title. 
B) Covenant against encumbrances. 
C) Quiet enjoyment. 
D) All of the above. 
E) Both (a) and (b), but not (c).

Question 6

Which of the following is NOT essential to a valid deed?

Accepted Answer

A) Grantor. 
B) Grantee. 
C) Delivery. 
D) Recording. 
A) Grantor. 
B) Grantee. 
C) Delivery. 
D) Recording.

Question 7

A restrictive covenant stating that a house cannot be sold to someone who is not of the Caucasian race will be upheld by the courts.

Accepted Answer

A) True 
 B)False

Question 8

The law of conveyancing firmly establishes that a contract for the sale of land carries an implied seller's obligation to transfer marketable title.

Accepted Answer

A) True 
 B)False

Question 9

There are four major types of deeds.

Accepted Answer

A) True 
 B)False

Question 10

Title insurance policies may be issued to protect the interests of mortgagees or tenants of property.

Accepted Answer

A) True 
 B)False

Question 11

The debtor who uses real estate to secure an obligation is the mortgagee.

Accepted Answer

A) True 
 B)False

Question 12

Because documents affecting ownership of property are recorded,a chronological record of transactions concerning the property can be obtained by a(n):

Accepted Answer

A) warranty deed. 
B) title search. 
C) attorney's opinion. 
D) assumption of a mortgage. 
A) warranty deed. 
B) title search. 
C) attorney's opinion. 
D) assumption of a mortgage.

Question 13

The right of redemption would require:

Accepted Answer

A) a court order. 
B) assent of all parties. 
C) payment of the entire debt with interest. 
D) payment only of past due installments. 
A) a court order. 
B) assent of all parties. 
C) payment of the entire debt with interest. 
D) payment only of past due installments.

Question 14

Restrictive covenants are strictly construed against the party asserting their applicability.

Accepted Answer

A) True 
 B)False

Question 15

One common type of restrictive covenant restricts the use of property to residential purposes.

Accepted Answer

A) True 
 B)False

Question 16

An enabling statute:

Accepted Answer

A) delegates the power to zone to local city and village authorities. 
B) typically allows municipalities to regulate and limit building heights. 
C) typically grants the power to limit the intensity of use in a particular area. 
D) All of the above. 
E) None of the above. 
A) delegates the power to zone to local city and village authorities. 
B) typically allows municipalities to regulate and limit building heights. 
C) typically grants the power to limit the intensity of use in a particular area. 
D) All of the above. 
E) None of the above.

Question 17

Jesse purchases Erica's house and in so doing assumes the mortgage.Which of the following is true?

Accepted Answer

A) Jesse is personally liable to pay the mortgage. 
B) Erica is personally liable to pay the mortgage. 
C) Erica is no longer liable to pay the mortgage. 
D) Both (a) and (b). 
E) Both (a) and (c). 
A) Jesse is personally liable to pay the mortgage. 
B) Erica is personally liable to pay the mortgage. 
C) Erica is no longer liable to pay the mortgage. 
D) Both (a) and (b). 
E) Both (a) and (c).

Question 18

A warranty deed by Jeff to Paula includes Jeff's promise that he will be liable to Paula for any defects in title.

Accepted Answer

A) True 
 B)False

Question 19

To run with the land,a restrictive covenant must involve promises that are enforceable under the law of contracts.

Accepted Answer

A) True 
 B)False

Question 20

A title search involves examining prior transfers of and encumbrances to the property.

Accepted Answer

A) True 
 B)False

Exam 49: Transfer and Control of Real Property

The Fair Housing Act is Title VIII of the Civil Rights Act.

The case of VonHoldt v.Barba & Barba Construction,Inc.held that:

The traditional common law rule regarding the sale of property is caveat emptor which means,"let the seller beware."

An exemption from application of the Fair Housing Act applies to single-family homes owned by private individuals who own fewer than four houses.

Which of the following are the most usual covenants to convey title of realty?

Which of the following is NOT essential to a valid deed?

A restrictive covenant stating that a house cannot be sold to someone who is not of the Caucasian race will be upheld by the courts.

The law of conveyancing firmly establishes that a contract for the sale of land carries an implied seller's obligation to transfer marketable title.

There are four major types of deeds.

Title insurance policies may be issued to protect the interests of mortgagees or tenants of property.

The debtor who uses real estate to secure an obligation is the mortgagee.

Because documents affecting ownership of property are recorded,a chronological record of transactions concerning the property can be obtained by a(n):

The right of redemption would require:

Restrictive covenants are strictly construed against the party asserting their applicability.

One common type of restrictive covenant restricts the use of property to residential purposes.

An enabling statute:

Jesse purchases Erica's house and in so doing assumes the mortgage.Which of the following is true?

A warranty deed by Jeff to Paula includes Jeff's promise that he will be liable to Paula for any defects in title.

To run with the land,a restrictive covenant must involve promises that are enforceable under the law of contracts.

A title search involves examining prior transfers of and encumbrances to the property.

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

International Business Law

Introduction to Property, property Insurance, Bailments, and Documents of Title

Interests in Real Property

Trusts and Wills

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