Ree 3433 - Study guides, Class notes & Summaries

An acknowledgment made by a notary of the grantors and the witnesses signatures is not required to make a deed legally valid but its required for recordation Correct Answer-False A seller of real estate who wishes to expose herself to the least amount of legal risk when she sells her property would want to use Correct Answer-Quitclaim deed A deed is a written or oral conveyance Correct Answer-False Generally courts are not concerned with the adequacy of consideration in a deed Correct A...

REE 3433 TEST QUESTIONS AND ANSWERS ALL CORRECT Under the attractive nuisance doctrine, a landowner will be liable when there is something on his/her property which lures adults over the age of 18 to enter the land - Answer-false Hank entered Polly's store to purchase a bottle of wine. Hank sought and was granted permission to drink from a drinking fountain in a restricted area of the store. After drinking from the, fountain, Hank entered another, separate restricted area. Hank is: - Ans...

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REE 3433 Exam 3 Questions and Answers All Correct What is a procedural necessity in foreclosure? - Answer-There must be public notice and advertisements in local newspapers. Trahan privately signed the deed to his property naming his daughter Beverly as grantee. He did not, however, tell her what he had done. Trahan continued to live and pay taxes on the property. When he died, Beverly discovered the deed in Trahan's safety deposit box. She now claims she has been the owner from the time ...

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Law - A body of rules of action or conduct prescribed by controlling authority and having binding legal force. That which must be obeyed and followed by citizens subject to sanctions. Public Law - A law that applies generally to the people of a nation or of a state; the law concerned with the organization of the state, the relations between the state and the people, the responsibilities of public officers, and the relationship between states. Private Law - The law governing relations b...

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