MS Bar MS Bar Property Law

Question 1

Under Mississippi law, what is the statute of limitations for adverse possession?

Accepted Answer

10 years

Answer

5 years

Answer

7 years

Answer

21 years

Question 2

In Mississippi, a deed must be recorded in which office to provide constructive notice?

Accepted Answer

The chancery clerk's office

Answer

The circuit clerk's office

Answer

The county assessor's office

Answer

The probate court

Question 3

Mississippi follows which type of recording act for real property?

Accepted Answer

Race-notice statute

Answer

Race statute

Answer

Notice statute

Answer

Period-of-grace statute

Question 4

Under Mississippi law, which form of co-ownership includes the right of survivorship by operation of law without express language?

Accepted Answer

Tenancy by the entirety

Answer

Tenancy in common

Answer

Joint tenancy

Answer

Community property

Question 5

In Mississippi, which doctrine allows a court to reform a deed that fails to reflect the true intent of the parties due to a mutual mistake?

Accepted Answer

Equitable reformation

Answer

The Statute of Frauds

Answer

Promissory estoppel

Answer

Adverse possession

Question 6

Under Mississippi law, a mortgage is best classified as which type of instrument?

Accepted Answer

A lien-theory instrument giving the lender a security interest

Answer

A title-theory instrument transferring legal title to the lender

Answer

A deed of trust requiring a trustee

Answer

A quitclaim deed