alberta real estate law exam with complete solution

alberta real estate law exam with complete solutions REAL ESTATE -Answer- ADVERSE POSSESION- -Answer-Valid title to land acquired through open, visible and uninterrupted possession of that property without the owner's permission for a period of at least 10 years. GAURANTOR- -Answer-A person who is not an owner of the property and is responsible for the mortgage. FORECLOSURE- -Answer-Court action whereby the charge obtains legal title to the property after default by the chargor. FIXTURE- -Answer-possessions that have become attached or are affixed to a real property. TITLE SEARCH- -Answer-Confirms ownership and any outstanding encumbrances, like a lien or mortgage on the property. Joint Tenancy- -Answer-When 2 or more people own a property on which one of the owners die the remaining owner inherits the others portion of the property. Life Estate/ Life Tenant- -Answer-Right to exclusive possession of the property for the duration of someone's lifetime. The owner if a life estate