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CA Escrow – Questions With Complete Solutions
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CA Escrow – Questions With Complete SolutionsCalifornia's property ownership concepts have their roots in
a. French common law.
b. Spanish common law.
c. English common law.
d. none of these. Correct Ans - c California's property ownership
concepts have their roots in English law. (p. 2)
The character of property interests and private property rights in
California can be traced back to
a. the French.
b. the Spanish.
c. the English.
d. none of these. Correct Ans - b The character of property interests
and private property rights in California can be traced
back to the Spanish. (p. 2)
Spanish missions began sprouting up along the California coast, known at
the time as part of
a. Lower California.
b. Baja California.
c. Alta California.
d. Alta Mexico. Correct Ans - c Spanish missions began sprouting up
along the California coast, known at the time as
Alta California. (p. 2)
4. Following the Mexican-American War, title to properties was established
under
a. the Treaty of Guadalupe Hidalgo.
b. the Treaty of Juan Valdez.
c. the provisions of the Bear Flag Agreement.
d. John C. Fremont. Correct Ans - a Following the Mexican-
American War, title to properties was established under the
Treaty of Guadalupe of Hidalgo. (p. 2)
5. Property is considered
a.
,either real, not capable of being moved, or personal, that which may be
moved.
b.
real, whether movable or not, and personal.
c.
immovable.
d.
none of these. Correct Ans - a Property is considered either real or
personal. (p. 9)
6. Estates in real property are
a.
either free or not.
b.
either freehold or less than freehold.
c.
founded in French law.
d.
founded in Spanish law Correct Ans - b Estates in property are
either freehold or less than freehold. (p. 11)
7. An estate for years
a.
is a lease with a specified termination date.
b.
is a month-to-month rental agreement.
c.
must always be for one year.
d.
both a and c. Correct Ans - a Estate for years is a lease with a
specified termination date. (p. 13)
8. An estate at will
a.
has no specified term.
b.
is always in writing.
c.
is for a specified term.
,d.
is for greater than one year Correct Ans - a An estate at will has no
specified term. (p. 13)
9. Fee simple estates are
a.
transferable.
b.
perpetual.
c.
inheritable.
d.
all of these Correct Ans - c Fee simple estates are inheritable. (p.
12)
10. A common interest or tenant's property is one
a.
with joint tenants.
b.
with community property with right of survivorship.
c.
with tenants in common.
d.
none of these. Correct Ans - c A common interest property is one
with tenants in common. (p. 10)
1. California CC Section 1000 specifies that property in the state of
California
may be acquired in which of the following five ways?
a. Occupancy, Accession, Transfer, Will, and Procession
b. Occupancy, Recession, Transfer, Will, and Succession
c. Occupancy, Accession, Transfer, Will, and Succession
d. Accession, Transfer, Will, Succession, and Prevision Correct Ans -
c California Civil Code Section 1000 specifies that property in the State of
California may be
acquired in one of five ways: occupancy, accession, transfer, will, and
succession. (p. 18)
2. Trust deeds transfer only
, a. dormant title.
b. dominant title.
c. both fee title and dominant title.
d. both fee title and dormant title. Correct Ans - a Trust deeds
transfer only dormant title. (p. 23)
3. Probate is NOT required if title was held as
a. tenants in common.
b. partnership.
c. joint tenants.
d. joint partners. Correct Ans - c Probate is not required if title was
held as joint tenants. (p. 19)
4. Intestate succession applies to one
a. who died without a will.
b. who only resided outside California.
c. who was only unmarried.
d. all of these. Correct Ans - a Intestate succession applies to one
who died without a will. (p. 19)
5. Transfer of title to real property is called
a. alienation.
b. accession.
c. annexation.
d. none of these. Correct Ans - a Transfer of title to real property is
called alienation. (p. 20)
6. Recording a document provides
a. destructive notice.
b. actual notice.
c. constructive notice.
d. requested notice. Correct Ans - c Recording a document provides
constructive notice. (p. 20)
7. In order to be valid, deeds must be in writing, include the property
description,
contain conveying language, identify a grantee, and
a. be signed by a competent grantor.
b. be signed by a competent grantee.
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