CPL Land Acquisition & Title Examination 2

Question 1

Which document transfers ownership of real property from a grantor to a grantee and must be delivered and accepted to be effective?

Accepted Answer

Deed

Answer

A deed is the legal instrument that conveys title to real property and requires delivery and acceptance to be legally effective.

Question 2

What is a 'wild deed' in the context of title examination?

Accepted Answer

A deed recorded outside the chain of title

Answer

A wild deed is one that is recorded but falls outside the chain of title because the grantor had no prior recorded interest, making it ineffective against subsequent bona fide purchasers.

Question 3

Under the Uniform Vendor and Purchaser Risk Act, if a property is substantially destroyed before closing, who bears the loss?

Accepted Answer

The vendor bears the loss

Answer

Under the Uniform Vendor and Purchaser Risk Act, the vendor (seller) bears the risk of loss if the property is substantially destroyed before legal title or possession passes to the buyer.

Question 4

A 'gap' in the chain of title refers to:

Accepted Answer

A missing link in the ownership history

Answer

A gap in the chain of title occurs when there is a missing conveyance connecting one owner to the next, creating an unresolved break in the ownership history.

Question 5

Which type of notice is imputed to a buyer because a document is properly recorded in the public records?

Accepted Answer

Constructive notice

Answer

Constructive notice is legally imputed to all parties based on documents properly recorded in the public records, regardless of whether the buyer actually reviewed them.

(CPL) Certified Professional Landman Practice Test

(CPL) Certified Professional Landman Practice Test

CPL Land Acquisition & Title Examination 2