Land Acquisition & Title Examination Flashcards
7 cards from real CPL practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Land Acquisition & Title Examination flashcards as text
In a 'race-notice' recording jurisdiction, a subsequent purchaser is protected only if they:
Answer: Pay adequate consideration and have no notice of prior unrecorded conveyances, and record first
In a race-notice jurisdiction, a subsequent purchaser must both record first AND be a bona fide purchaser without notice of prior unrecorded interests to be protected.
What does a 'special warranty deed' warrant against?
Answer: Only defects arising during the grantor's ownership
A special warranty deed warrants title only against defects arising during the grantor's period of ownership, not against defects that pre-date the grantor's acquisition.
A 'curative instrument' in land title work is used to:
Answer: Correct or eliminate a title defect
A curative instrument is a document (such as a corrective deed, ratification, or affidavit) used to fix or remove a defect in the chain of title.
Which federal law governs the leasing of minerals on federal onshore lands?
Answer: The Mineral Leasing Act of 1920
The Mineral Leasing Act of 1920 governs the leasing of oil, gas, and other energy minerals on federal onshore lands managed by the Bureau of Land Management.
What is the doctrine of 'after-acquired title' (estoppel by deed)?
Answer: If a grantor conveys land they don't own and later acquires title, that title passes automatically to the grantee
Under the doctrine of after-acquired title (estoppel by deed), if a grantor conveys property they don't yet own but later acquires it, the title automatically passes to the grantee.
In title examination, what is the significance of a 'lis pendens'?
Answer: It provides constructive notice of pending litigation affecting the property
A lis pendens is a recorded notice of pending litigation that provides constructive notice to subsequent purchasers and encumbrancers that the property is subject to an ongoing court action.
What is an 'option to purchase' in the context of land acquisition?
Answer: An irrevocable right to buy property at a fixed price within a set period
An option to purchase is a contract giving the holder the exclusive, irrevocable right to buy property at a specified price within a defined period, which the holder may exercise or let expire.