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Question
If a liability claim arises under Section II of a homeowner's policy, the insurance company will pay fora. damages up to the policy limits.
b. damages up to the policy limits plus the legal costs of defense.
c. damages and legal costs up to the policy limit.
d. damages beyond policy limits in certain cases.
Answer
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Related questions
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b. hypothecate property.
c. secure a note.
d. secure a mortgage.
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If an owner of a single-family residence defaults on his mortgage, it can
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b. be foreclosed on.
c. not be foreclosed on if the mortgage went into effect before 1978.
d. only be foreclosed on if an ALTA title insurance policy insured it.
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Which of the following claims against a real property interest would be the first to be satisfied?
a. First trust deed
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a. Property tax lien
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Q:
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a. borrower.
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a. Estoppel
b. Covenant
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a. fewer in number.
b. broader in coverage.
c. more restrictive.
d. greater in number.
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The actual passage of title occurs when the deed is
a. acknowledged and recorded.
b. signed and acknowledged.
c. delivered and accepted.
d. executed by the grantor.
Q:
Title to real property will most likely transfer when the deed is
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b. signed by the grantor but not delivered.
c. recorded but not delivered.
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The words "grant and release" in a deed are words of
a. conveyance.
b. covenant.
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A trust is an arrangement whereby title to real and/or personal property is transferred by its owner (the trustor) to a ____________________.
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A unilateral contract results when a promise is exchanged for a promise.
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If a contract is considered voidable, it is valid until voided.
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a. Accept it
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