questions

Question 1.1. The mortgagor of a mortgage is the lender or creditor. (Points : 2)

True
False

Question 2.2. A guaranty of a note must be written. (Points : 2)

True
False

Question 3.3. A maker of a note is not released by the sale of the security securing the note. (Points : 2)

True
False

Question 4.4. Forgery of a maker’s signature is a defense to a holder in due course. (Points : 2)

True
False

Question 5.5. Which of the following is generally not a requirement for a valid deed? (Points : 2)

signature of grantee
adequate description of land
delivery of deed to grantee
consideration

Question 6.6. A deed that covenants only against the lawful claims of people claiming by, through, or under the grantor is a limited warranty deed. (Points : 2)

True
False

Question 7.7. Which of the following deed covenants can only be enforced by the owner of the property against the person who gave the property to them? (Points : 2)

covenant of seisin
covenant of right to convey
covenant against encumbrances
all of the above
none of the above

Question 8.8. An endorsement without recourse negates any obligation to pay the note on the part of the endorser. (Points : 2)

True
False

Question 9.9. Which of the following is not a future covenant contained in a general warranty deed? (Points : 2)

covenant of quiet enjoyment
covenant of further assurance
covenant of seisin
covenant of warranty

Question 10.10. A maker of a note is released by the sale of the security securing the note. (Points : 2)

True
False

…………………..Answer preview………………..

False……………………………..

APA

227 words