Contract Law
Lease
Contract Law II
Deeds
Title Records
100
What is the person giving an offer called
Offeror
100
Is a lease a contract?
Yes
100
What is a contract missing one of the essential elements?
Void Contract
100
What type of deed has no warranties or covenants?
Quitclaim Deed
100
Mortgage Title policies protect which party against loss?
Buyer
200
What is the person receiving an offer called?
Offeree
200
A tenant refuses to pay rent, what must the landlord do to get the tenant out?
eviction
200
What states that real estate purchase contracts must be in writing?
Statutes of Frauds
200
When a private person selling their home wants to pass the greatest protection with the deed. What type of deed do they usually pass with ownership to the buyer
Warranty deed
200
When purchasing title insurance, what are the two type of coverage you can get and which one gives best best coverage?
Standard coverage and Extended coverage
300
What is a contract called where both parties promise to do something? (Promise for a Promise)
Bilateral Contract
300
In January, in Utah, a tenant has the furnace stop working and the landlord refuses to fix it saying he has no money. The tenant can find a new home even though he has a lease. This is called?
Constructive Eviction
300
What is the person giving a counter offer called?
Offeror
300
All deeds must be signed by?
Grantor
300
A buyer bought a house, received a deed, and moved into the residence but neglected to record the document. One week later, the seller died and heirs in another city, unaware that the property had been sold, conveyed title to a relative who recorded the deed. Who owns the property?
The buyer
400
What is a one-sided agreement type of a contract such as a reward or a purchase option called?
Unilateral Contract
400
What is the owner of the property giving the lease called?
Leasor
400
Is an express contract written or oral?
Both
400
Eminent Domain and Escheat are two example of
Involuntary Alienation
400
Utah plus 20 other states have something similar to a mortgage that are recorded on the title, but they are not mortgages. What are they?
Trust Deeds
500
What essential element in contract law is also call "meeting of the minds"
Agreement or also Offer and Acceptance
500
What is tenancy at sufferance?
When the tenant stays without the Landlord's permission.
500
Name two things that would make a contract invalid because there was no consent even though the person did sign the contract
Duress, legally competent mentally, under age, etc.
500
When a person dies intestate, what determines how their property is inherited?
By applicable state and local laws
500
What is a land contract or a contract for deed?
A type of seller financing where the title remains in the seller's name. Can be considered to be a form of renting the property
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