1a. Roberto owned a piece of property in fee simple absolute. With a warranty de
ID: 462211 • Letter: 1
Question
1a. Roberto owned a piece of property in fee simple absolute. With a warranty deed, he decided to convey a life estate to his niece, Tanya, for her lifetime. Six months later, Roberto died.
What property rights did Roberto have before he conveyed the property to Tanya?
A
-All ownership rights
B
-Only the right of possession
C
-A future interest
D
-A life estate
1b. What property rights did Roberto have after he conveyed the property to Tanya?
A
-All ownership rights
B
-Only the right of possession
C
-A future interest
D
-A life estate
1c. What property rights did Tanya have after the conveyance?
A
-All ownership rights
B
-Only the right of possession
C
-All ownership rights except possession
D
-All ownership rights except the right to permanently dispose of the property
1d. What property rights did Tanya have after Roberto's death?
A
-Fee simple absolute
B
-None, because Tanya's heirs will inherit the property
C
-None, because he used a warranty deed
D
-A life estate
1e. Which of the following warranties did Tanya not receive in the transaction?
A
-The grantor has the legal ability to sell the property
B
-There are no undisclosed claims or encumbrances
C
-The grantor warrants against business or economic risk
D
-The grantee shall have quiet enjoyment
1f. If Roberto had used a quitclaim deed instead of a warranty deed, what warranties would Tanya have received?
A
-The grantor has the legal ability to sell the property
B
-There are no undisclosed claims or encumbrances
C
-There would be no warranties
D
-The grantee shall have quiet enjoyment
A
-All ownership rights
B
-Only the right of possession
C
-A future interest
D
-A life estate
Explanation / Answer
Answer:
1a. The correct answer is Option A; Robert has all Ownership Rights before he conveyed the property to Tanya.
1b. After Robert conveyed the property to Tanya but before his death he has a right of possession till he dies. The correct answer is Option B (Only Right of Possession)
1c. The correct answer is Option C. All ownership rights except possession.
1d. After Roberts death Tanya will have A life Estate. The correct answer is Option D.
1e. The correct answer is Option A, The grantor has the legal ability to sell the property.
1f. The correct answer is option D. The grantee shall have quiet enjoyment.
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