MS Bar MS Bar Property Law 2

Question 1

Under Mississippi law, what is required for a valid deed?

Accepted Answer

Writing, grantor's signature, description, and delivery

Answer

Delivery, acceptance, consideration, and recording

Answer

Notarization, two witnesses, and filing with the state

Answer

Consideration, acknowledgment, and state seal

Question 2

In Mississippi, homestead exemption protects property up to what value from most creditors?

Accepted Answer

$75,000

Answer

$25,000

Answer

$50,000

Answer

$100,000

Question 3

Under Mississippi law, which type of deed provides the greatest level of warranty to a grantee?

Accepted Answer

General warranty deed

Answer

Quitclaim deed

Answer

Special warranty deed

Answer

Bargain and sale deed

Question 4

In Mississippi, a landlord's duty to maintain residential rental property in a habitable condition is governed primarily by which source of law?

Accepted Answer

The Mississippi Landlord-Tenant Act

Answer

Common law implied warranty of habitability

Answer

The Mississippi Building Code exclusively

Answer

Federal housing regulations only

Question 5

Under Mississippi law, what is the period for a mortgagee to bring a foreclosure action after default?

Accepted Answer

6 years

Answer

3 years

Answer

10 years

Answer

15 years

Question 6

A fixture in Mississippi real property law is best described as which of the following?

Accepted Answer

Personal property attached to realty that is treated as part of the realty

Answer

Any personal property located on real estate

Answer

Only items bolted permanently to the structure

Answer

Movable items that can be detached without damage