WV Bar Real Property 2

Question 1

In West Virginia, what is the statutory redemption period that allows a mortgagor to reclaim property after a foreclosure sale?

Accepted Answer

West Virginia does not provide a statutory redemption period after foreclosure

Answer

6 months

Answer

1 year

Answer

2 years

Question 2

Which of the following covenants in a general warranty deed protects the grantee against claims by third parties arising after the deed is delivered?

Accepted Answer

Covenant of quiet enjoyment

Answer

Covenant of seisin

Answer

Covenant against encumbrances

Answer

Covenant of further assurances

Question 3

A conveyance 'to A for life, then to B and B's heirs' gives B which type of interest?

Accepted Answer

Vested remainder in fee simple

Answer

Contingent remainder

Answer

Executory interest

Answer

Reversion

Question 4

Under the Rule Against Perpetuities, an interest must vest, if at all, within:

Accepted Answer

Lives in being plus 21 years

Answer

21 years

Answer

100 years

Answer

A reasonable time

Question 5

A property owner grants a neighbor the right to drive across her land to reach a public road. This is best described as:

Accepted Answer

An easement appurtenant

Answer

A license

Answer

An easement in gross

Answer

A covenant running with the land

Question 6

Which of the following best describes the doctrine of equitable conversion?

Accepted Answer

The buyer holds equitable title and the seller holds legal title after a binding contract of sale

Answer

Courts convert legal title to equitable title upon signing a valid contract of sale

Answer

A court converts a fee simple to a life estate to protect creditors

Answer

A lender's equitable interest converts to legal title at foreclosure

Question 7

In West Virginia, a deed must be acknowledged before which official to be eligible for recording?

Accepted Answer

A notary public or other officer authorized to take acknowledgments

Answer

Only a Circuit Court judge

Answer

Only a county clerk

Answer

Any licensed attorney