Real Estate Basics
This document transfers ownership of real property.
What is a Deed?
The party who initiates a lawsuit.
What is a Plaintiff?
A legal document that distributes a person’s assets after death.
What is a Will?
A decision that serves as an example or authority for future cases.
What is a Precedent?
This beverage is traditionally associated with celebratory toasts.
What is Champagne?
A legal claim against property used to secure payment of a debt.
What is a Lien?
The formal written response to a complaint.
What is an Answer?
A person who manages assets held within a trust for its beneficiaries.
What is a Trustee?
This Latin term means “from the beginning” and is often used to describe a contract that is void from the start.
What is Void ab initio?
This day of the week is most commonly used for professional networking events.
What is Thursday?
The right to use another person’s land for a specific purpose.
What is Easement?
The pre-trial process of exchanging information between parties.
What is Discovery?
This process validates a will and oversees estate administration.
What is a Probate?
A court order requiring a person to appear or produce documents.
What is a Subpoena?
This annual event honors outstanding achievements in film and entertainment.
What is The Oscars (or Academy Awards)?
This principle means “buyer beware.”
What is Caveat emptor?
A request asking the court to make a ruling or order.
What is a Motion?
A trust that can be altered or revoked during the grantor’s lifetime.
What is a Revocable trust?
This term refers to a sworn written statement of fact.
What is an Affidavit?
This celestial body is the brightest object in Earth’s night sky after the Moon.
What is Venus?
This term describes ownership by two or more parties with equal rights of survivorship.
What is Joint tenancy?
This standard of proof applies in most civil cases.
What is Preponderance of the evidence?
The person who receives benefits from a trust or will.
What is a Beneficiary?
A Latin term meaning “in good faith.”
What is Bona fide?
This international day, celebrated on March 20th, is dedicated to promoting happiness and well-being.
What is the International Day of Happiness?