Multiple Choice
Identify the letter of the choice that best
completes the statement or answers the question.
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1.
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The general warranty deed is also known as a:
a. | warranty deed. | c. | quiet title | b. | quitclaim deed | d. | special deed |
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2.
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Which deed provides the best protection for a buyer?
a. | quitclaim. | c. | all deeds provide the same protection | b. | warranty. | d. | no deed actually protects the buyer |
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3.
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Which deed gives no guarantees but transfers whatever ownership interest the
grantor has?
a. | quitclaim. | c. | all deeds | b. | warranty. | d. | special deed |
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4.
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The deed most commonly used in America is the:
a. | warranty deed. | c. | buy and sell deed | b. | quitclaim deed. | d. | special deed |
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5.
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What document is used to transfer title to personal property?
a. | bill of sale | c. | quit claim deed | b. | warranty deed | d. | personal property
contract |
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6.
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Which deed guarantees that title is marketable?
a. | quitclaim deed | c. | all deeds | b. | general warranty deed | d. | no deed |
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7.
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The covenants of quiet enjoyment and further assurances are contained in
the:
a. | quitclaim deed. | c. | all deeds | b. | general warranty deed. | d. | no deed |
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8.
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What deed doe most developers use?
a. | general warranty deed. | c. | builders deed | b. | quitclaim deed. | d. | construction
deed |
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9.
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Which deed would likely be used to donate property to a charity?
a. | warranty deed. | c. | special deed | b. | quitclaim deed. | d. | charity deed |
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10.
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A valid deed requires each of the following EXCEPT a/an:
a. | date. | c. | legal property description. | b. | delivery and
acceptance. | d. | signature of
the grantor. |
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11.
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The deed which imposes the least liability on the grantor is the:
a. | warranty deed. | c. | special deed | b. | quitclaim deed. | d. | liability deed |
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12.
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A valid deed requires each of the following EXCEPT:
a. | signature of the grantee. | c. | words of
conveyance. | b. | words of conveyance. | d. | delivery and acceptance. |
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13.
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The seller under a warranty deed turned out to be only a co-owner. The seller
violated the covenant of:
a. | marketable title. | c. | there was no violation | b. | equitable
title. | d. | legal
title |
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14.
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The difference between a general warranty deed and a quitclaim deed is that only
the general warranty deed:
a. | transfers ownership to the property. | c. | can be used | b. | guarantees the
title. | d. | is recognized in
Montana |
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15.
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Information, which is available in the public records refers to:
a. | actual notice. | c. | good notice | b. | constructive notice. | d. | recorded notice |
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16.
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Information gained from personal observation is:
a. | actual notice. | c. | recorded notice | b. | constructive notice. | d. | spoken notice |
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17.
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Unrecorded deeds:
a. | provide constructive notice. | c. | are not legal | b. | are effective
between the parties to the transaction. | d. | cannot be recorded after one year |
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18.
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Recording gives:
a. | constructive notice. | c. | no notice | b. | actual notice. | d. | one time notice |
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19.
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A buyer becomes the owner when the deed is:
a. | delivered and accepted. | c. | signed | b. | recorded. | d. | given to the closing company |
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20.
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A person becomes the owner of record when:
a. | the deed is delivered and accepted. | c. | the deed is signed
| b. | the deed is recorded. | d. | the deed is given to the closing company |
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21.
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Constructive notice is given by:
a. | review of recorded documents. | c. | looking at the
property | b. | recording a document. | d. | talking to the neighbors |
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22.
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Recording a deed:
a. | transfers ownership. | c. | is necessary to have title | b. | gives constructive
notice. | d. | gives actual
notice |
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23.
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Title passes when the deed is:
a. | delivered from a competent seller to the buyer. | c. | delivered to the title
company | b. | recorded. | d. | delivered to the court |
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24.
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A seller sold property to Cees who failed to record his deed. The seller then
resold the property to Connie who did not know of Cees’ss purchase. Connie recorded her deed
immediately. The person who has the best claim to the property is:
a. | Cees | c. | neither one has a better claim | b. | Connie | d. | both have equal
claims |
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25.
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In the above question, Cees's best recourse is to sue:
a. | there is no suit because of the concept of “Buyer Beware” | c. | there is no suit
since he did not record the deed | b. | Connie. | d. | the seller for selling the property
twice. |
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26.
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Which document would NOT be recorded?
a. | deed | c. | easement | b. | mortgage | d. | listing |
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27.
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In Montana, real estate documents are recorded in the office of the:
a. | County Clerk and Recorder. | c. | County Commissioners
| b. | County Treasurer. | d. | County Sheriff |
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28.
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The purpose of recording is to protect the interest of one who:
a. | is a good faith purchaser. | c. | receives property as a
gift. | b. | inherits property. | d. | bought property knowing that another party had already received a
deed. |
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29.
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In Montana, real estate documents are recorded in:
a. | the county where the property is located. | c. | the State property
office | b. | the Secretary of State's office in Helena. | d. | any county in the
state |
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