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Louisiana Notary Vocabulary words Questions & Answers 100% Correct
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forced portion - ANSWER_Portion testator must leave to children under 24 years of age if mentally competent and not physically infirm Ne Varietur - ANSWER_Notation which is part of a paraph naked owner - ANSWER_owner of property burdened with us usufruct inventory - ANSWER_notaries can eng...

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  • February 3, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • louisiana notary vocabulary words questions answ
  • louisiana notary vocabulary words questions stuvia
  • materialmans privilege answerprivilege to prot

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Louisiana Notary Vocabulary words
Questions & Answers 100% Correct
Materialman's privilege - ANSWER_privilege to protect supplier

forced portion - ANSWER_Portion testator must leave to children under 24 years of
age if mentally competent and not physically infirm

Ne Varietur - ANSWER_Notation which is part of a paraph

naked owner - ANSWER_owner of property burdened with us usufruct

inventory - ANSWER_notaries can engage in this activity

heritable - ANSWER_transferable

guardian - ANSWER_legally responsible for care /mgmt of property if children or
interdicts

fiduciary - ANSWER_A person entrusted with the property of another party and in
whose best interests the ___ is expected to act when holding, investing, or otherwise
using that person's property.

legitimation - ANSWER_this occurs to a child born out of wedlock

interdiction - ANSWER_court proceeding to appoint curator

jurat - ANSWER_"sworn to and subscribed before me this __ day of April, 2008"

intestate succession - ANSWER_dies without will

hypothecate - ANSWER_pledge collateral for debt

laborer's privilege - ANSWER_privilege to protect workmen

juridical person - ANSWER_a corporation, for example

juridical mortgage - ANSWER_judgments create this

mortgagee - ANSWER_name for person in whose favor mortgage is granted

legatee - ANSWER_person named in a will

good faith - ANSWER_basis for entering all contracts

forced heir - ANSWER_person over 24 if mentally incompetent or physically infirm

, mortgagor - ANSWER_name for a person who grants mortgage

minor - ANSWER_this person has no capacity unless emancipated

interdiction - ANSWER_person declared incapable of caring for his person or
administering his affairs

earnest money - ANSWER_down payment in real estate transaction --permits either
party to recede from a contract to sell, but the buyer who chooses to recede from the
contract forfeits the ___ and the seller who chooses to recede from the contract must
return double the earnest money.

executory process - ANSWER_A proceeding in court in wich the holder of a
mortgage containing a confession of judgment may obtain an 'ex parte' seizure and
sale of the mortgaged property without the orinary delays required by law.

executor - ANSWER_A succession representative designated in a will to adminster
an estate. AKA Administrator.

encumbrance - ANSWER_To burden with a claim such as a mortgage, priviliege or
lien; a burden or charge imposed upon property by law or conventional obligation or
contract, such as a privilege or mortgage.

emancipation - ANSWER_The act of conferring some or all of the effects of majority
on a minor.

executrix - ANSWER_Another term for a female executor.

Legitime - ANSWER_Portion testator must leave to children under 24 years of age if
mentally competent and not physically infirm

reinscription - ANSWER_renews lien or mortgage

renunciation - ANSWER_establishes priority of liens

representation - ANSWER_descendants of pre-deceased take his place

tutor - ANSWER_male legal guardian

trustee - ANSWER_fiduciary that holds title to prop of another's benefit

tutrix - ANSWER_female legal guardian

vendor's lien - ANSWER_created in a credit sale

seizen - ANSWER_right to possess property of deceased prior to succession

succession - ANSWER_transmission of the estate of deceased to succession

surety - ANSWER_obligates himself to pay debt if debtor fails to pay

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