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Question 1
Batman owns the Bat Cave. One day, Batman's nephew, Robin, writes up a deed to the Bat Cave and "conveys" the Bat Cave to Joker. Later, Joker conveys the Bat Cave to Penguin. Does Penguin own the Bat Cave?
Correct
Incorrect!
Correct
Incorrect!
Correct A person can never convey something that he or she does not own. Even if Penguin did not know that Joker never owned the Bat Cave, the fact remains that Joker never owned the Bat Cave and he, therefore, could not have transferred it to Penguin.
Incorrect! A person can never convey something that he or she does not own. Even if Penguin did not know that Joker never owned the Bat Cave, the fact remains that Joker never owned the Bat Cave and he, therefore, could not have transferred it to Penguin.
Question 2
James is contemplating buying Giant Peach (a parcel of real estate) from Silky. James hires Acme, Inc. to insure James' title to Giant Peach. Acme would do all of the following, as part of insuring title, except:
Correct
Incorrect!
Correct
Incorrect!
Correct
Incorrect!
Correct
Incorrect!
Question 3
James is contemplating buying Giant Peach (a parcel of real estate) from Silky. James does a title search to make sure that Silky can sell him giant Peach. In looking at the grantee-grantor index, assuming that James really wants to buy the property, James hopes to...
Correct For Silky to be able to sell James the property, Silky must have received the property from another grantor, but cannot have already given the property to someone else. Therefore, James would hope that Silky would show up in the grantee index because he received the property but not in the grantor index, because that would mean that he already gave the property away to someone else.
Incorrect! For Silky to be able to sell James the property, Silky must have received the property from another grantor, but cannot have already given the property to someone else. Therefore, James would hope that Silky would show up in the grantee index because he received the property but not in the grantor index, because that would mean that he already gave the property away to someone else.
Correct
Incorrect!
Correct
Incorrect!
Correct
Incorrect!
Question 4
Which of the following is true about title to land that is acquired via adverse possession?
Correct
Incorrect!
Correct Title is only considered marketable if it is documented in the land records. A judicial decision that someone acquired title to property via adverse possession will generally be noted in the land records.
Incorrect! Title is only considered marketable if it is documented in the land records. A judicial decision that someone acquired title to property via adverse possession will generally be noted in the land records.
Correct
Incorrect!
Correct
Incorrect!
Question 5
If I want to know who currently owns the house located at 4 Main St., Podunk, Oklahoma, in the county of Okie, where should I look?
Correct
Incorrect!
Correct
Incorrect!
Correct
Incorrect!
Correct Land records offices are generally kept at the county level, not at the state level. Also, the tract index is the best place to look for land records when you know the address of the property you are looking for. The grantee-grantor index is where you would look if you knew the names of the parties who owned or transferred the property.
Incorrect! Land records offices are generally kept at the county level, not at the state level. Also, the tract index is the best place to look for land records when you know the address of the property you are looking for. The grantee-grantor index is where you would look if you knew the names of the parties who owned or transferred the property.