The Recording Acts- Introduction Self-Quiz

 

 

 

 

 

 

 

Batman owns the Bat Cave. One day, Batman’s nephew, Robin, writes up a deed to the Bat Cave and “conveys” the Bat Cave to Joker. Later, Joker conveys the Bat Cave to Penguin. Does Penguin own the Bat Cave?
Choice 1 Yes
Choice 2 Yes; but only if Penguin did not know that Joker got the land from an illegitimate source
Choice 3 No; because Joker never owned it, so he had no power to convey it to Penguin
James is contemplating buying Giant Peach (a parcel of real estate) from Silky. James hires Acme, Inc. to insure James’ title to Giant Peach. Acme would do all of the following, as part of insuring title, except:
Choice 1 Perform a title search to make sure that Silky really owns Giant Peach
Choice 2 Lend James the money to buy Giant Peach
Choice 3 Defend James if a third party sues to recover Giant Peach
Choice 4 Reimburse James if a third party recovers Giant Peach from James
James is contemplating buying Giant Peach (a parcel of real estate) from Silky. James does a title search to make sure that Silky can sell him giant Peach. In looking at the grantee-grantor index, assuming that James really wants to buy the property, James hopes to…
Choice 1 Find Silky in the grantee index, but not in the grantor index
Choice 2 Find Silky in the grantor index, but not in the grantee index
Choice 3 Find Silky in both the grantor index and the grantee index
Choice 4 Find Silky in neither the grantor index nor the grantee index
Which of the following is true about title to land that is acquired via adverse possession?
Choice 1 It can never be marketable, because it does not show up in the property records indexes
Choice 2 It can be marketable, if there is a judicial decision that documents the acquisition
Choice 3 It can be marketable, because there is usually a deed that documents the change in ownership
Choice 4 It is marketable even if there is no documentation that the acquisition took place, because everyone knows not to look for such title transfers in the property record index in any case
If I want to know who currently owns the house located at 4 Main St., Podunk, Oklahoma, in the county of Okie, where should I look?
Choice 1 At the Oklahoma state records office, under the grantor-grantee index
Choice 2 At the Oklahoma state records office, under the tract index
Choice 3 At the Okie county records office, under the grantor-grantee index
Choice 4 At the Okie county records office, under the tract index

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