a summary of all the recorded transactions, including deeds, mortgages, judgments and the like, that affect the title to a specific parcel of land (428)

in conveyancing, the act by which a person who has executed an instrument, before an authorized officer, usually a notary, declares that the instrument is genuine and executed voluntarily (425)

title information that is acquired personally by the interest holder (418)

based on professional opinion an attorney states his or her opinion as to the condition of the title based on the facts revealed in the abstract (428)

the recorded history of events that affect the title to a specific parcel of land, usually beginning with the original patent or grant (423)

the knowledge of certain facts that might be discovered by a careful inspection of public records, provided that such information is within the history of title, or discovered by an inspection of the premises (419)

legal notice that is imposed by the law when conditions exist that would lead a reasonable person to inquire further into the condition of the title (419)

statutes that provide that the subsequent buyer prevails over all interested parties who have not recorded their interest at the time the buyer accepts the conveyance and pays consideration for the land without notice of the preexisting conveyance (420)

statutes that provide that a subsequent buyer will prevail only if he or she has no notice of the prior transaction at the time of conveyance (420)

the comprehensive indemnity contract that insures the titleholder against title defects and encumbrances that may exist at the time the policy is issued (429)

a document issued under the Torrens system - a type of land title registration (430)

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F - Chapter 19

Recording and Assurance of Title

Question	Answer
abstract of title	a summary of all the recorded transactions, including deeds, mortgages, judgments and the like, that affect the title to a specific parcel of land (428)
acknowledgment	in conveyancing, the act by which a person who has executed an instrument, before an authorized officer, usually a notary, declares that the instrument is genuine and executed voluntarily (425)
actual notice	title information that is acquired personally by the interest holder (418)
attorney's opinion	based on professional opinion an attorney states his or her opinion as to the condition of the title based on the facts revealed in the abstract (428)
chain of title	the recorded history of events that affect the title to a specific parcel of land, usually beginning with the original patent or grant (423)
constructive notice	the knowledge of certain facts that might be discovered by a careful inspection of public records, provided that such information is within the history of title, or discovered by an inspection of the premises (419)
implied notice	legal notice that is imposed by the law when conditions exist that would lead a reasonable person to inquire further into the condition of the title (419)
notice statutes	statutes that provide that the subsequent buyer prevails over all interested parties who have not recorded their interest at the time the buyer accepts the conveyance and pays consideration for the land without notice of the preexisting conveyance (420)
race-notice statutes	statutes that provide that a subsequent buyer will prevail only if he or she has no notice of the prior transaction at the time of conveyance (420)
title insurance	the comprehensive indemnity contract that insures the titleholder against title defects and encumbrances that may exist at the time the policy is issued (429)
Torrens certificate	a document issued under the Torrens system - a type of land title registration (430)

Created by: rainesv

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