LTO Study Material (LA2 to LA3): Frog Edition

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Advanced land titles quiz

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LTO Study Material (LA2 to LA3): Frog Edition


Froggy Jumps LTO Study Material (LA2 to LA3): Frog EditionVersión en línea Advanced land titles quiz por Rob 1 What is Fee Simple Estate? a The greatest interest a person can own in land. b A life estate in land c A leasehold interest only 2 What is Life Estate? a Ownership rights for the duration of a person’s lifetime. b Ownership of surface only c Ownership for two lifetimes 3 What is Leasehold? a Ownership in perpetuity b Possession of property for a defined term. c Temporary easement only 4 What is Unity of Time in joint tenancies? a All joint tenants acquire their interests at the same time. b Time is not relevant c They acquire at different times 5 What is Unity of Title? a Different deeds for each b All joint tenants acquire interests through the same instrument. c Time of acquisition varies 6 What is Unity of Interest? a Only one owner can have interest b Interests may differ c Each joint tenant holds identical interest in type, extent, duration. 7 What is Unity of Possession? a Joint tenants have equal right to possess the whole property. b One owner has possession c No equal rights 8 What happens if a unity is destroyed? a Remains unchanged b Automatically ends ownership c Joint tenancy severs; becomes tenancy in common. 9 Who owns surface rights? a Surface cannot be owned b Only the Crown c Registered owner owns surface and air above land. 10 Who owns mineral rights? a Minerals always belong to Crown b Minerals cannot be owned c A registered owner can own minerals under land (except gold/silver) 11 What are Torrens Principles designed to do? a Only mirror principle b Mirror, Curtain, Insurance principles provide title reliability c They are optional concepts 12 What is the Mirror Principle? a Title reflects all facts concerning it. b Nothing is reflected on title c Title may omit facts 13 What is Curtain Principle? a Title is not reliable b Title is the sole source of information; no need to look behind c Look behind titles for history 14 What is Insurance Principle? a No guarantee of accuracy b Title accuracy guaranteed by assurance fund c Insurance only for mortgages 15 What is the effect of a Bankruptcy on joint tenancy? a Severed; co-owners become tenants in common. b Bankruptcy voids title c Remains joint tenancy 16 Can bankruptcy be registered against mines/minerals? a Yes, they could be producing. b Only on surface land c No, never 17 What is Dower? a A type of mortgage b Ownership by children c Spouse’s life estate in homestead rights. 18 What must accompany a Maintenance Order? a No accompanying document needed b Only a phone call c Creditor’s Statement of Debtor’s Land (FORM S) 19 What is the effect of a dower release? a Only the title changes b Dower rights stay unchanged c Land ceases to be homestead; spouse loses dower rights 20 Who can sign a Release of Dower? a Any notary b Any witness c Witness and commissioner must be barrister/solicitor 21 What is an affiant required for a caveat? a No affidavit needed b Affidavit in Support for every caveat c Only for corporate caveats 22 Can a caveat be registered against non-patent land? a Yes, always b Only for crown land c No 23 What is a Certificate of Lis Pendens (CLP)? a A transfer agreement b A mortgage document c Notice of pending court action affecting title 24 What is a Construction Lien filing deadline? a Within 1 year b Within 7 days c Within 60 days; 90 days for oil/gas wells 25 Can a construction lien be registered against crown minerals? a Yes for all crown minerals b Only for surface lands c No; against crown minerals untitled minerals with Minister of Energy 26 What must a Foreclosure Order include? a No documents needed b Order filed; 191 compliance; address for title c Only a copy of mortgage 27 What is a Power of Attorney? a Authorizes an agent to act for a principal b A deed of ownership c A mortgage instrument 28 What is an Enduring POA? a Only for marriages b Temporary POA c POA that continues after mental incapacity 29 Can an enduring POA be granted by a trustee? a No, never b Yes, if expressly authorized; otherwise no c Only by court order 30 What is a postponement in LTO terms? a A type of lien b Moving priority between interests c A new title 31 What is the role of CORES? a Registers persons’ names b Files land titles only c Catalogs corporations/incorporations in Alberta 32 Can a corporation be considered a joint tenant if it no longer exists? a Only individuals can be JTs b Yes, with updated evidentiary declarations c No, never 33 What is Transmission on Death (TEN-1)? a Transfer of ownership by sale b Change of ownership due to death c Acquisition of ownership by gift 34 What must a Transfer include for minerals? a Minimals ignored b Check for 1/20 minimum mineral interest; can transfer surface or minerals c Only surface transfers allowed 35 What does WRE-1 cover? a Writs of Enforcement and Creditor’s statements b Caveats only c Writs of repossession 36 What is the Mirror Principle? a Title hides past titles b Only current facts shown c Title reflects all facts concerning it 37 Who can discharge a health hazard notice? a A lawyer only b Land Titles Office c Regional health authority; cannot be signed by solicitor 38 What is a CLP in Alberta law? a Certificate of Lis Pendens b Mortgage document c Penalty notice 39 Can a defendant file an appeal to a Court Order No Appeal? a No appeal possible b Only by consent of plaintiff c Yes, with a No-Appeal undertaking or court clerk certificate 40 What is the effect of a Dower Act release? a Keeps all rights intact b Only suspends for 1 year c Release ends homestead rights and dower rights 41 What must accompany a Court Order- No Appeal (191)? a No documents needed b Consent or ex parte with no service; No Appeal undertaking c Only a lawyer’s note 42 Can a caveat be withdrawn by solicitor? a Only by the landowner b No; must be withdrawn by proper authority c Yes, by solicitor 43 What is a Probate vs Transmission on Death? a Transmission handles title transfer on death; probate proves will b Probate before transmission c No difference 44 Can a NOSI register livestock? a Only on pasture land b No; NOSI is not for livestock c Yes, livestock allowed 45 What is an “AGRC” in caveats? a A separate document b A court order c An agreement charging land 46 What is a Mortgage’s effect on land? a Affects the individual b Creates a lease only c Mortgage affects the land, not the individual 47 What is a Personal Property Security Interest (NOSI) rule? a Livestock allowed b Only individuals c Debtor can be partnership; livestock cannot be registered 48 What does a two-way video conferencing require? a Any witness can do it b Only notarization is needed c Lawyer witness who is active; others cannot do remotely 49 What is the standard for a Change of Name evidence? a Original/notarized evidence unless event occurred in Alberta b Photocopies OK c No evidence needed 50 What is AGT Order’s effect on a trustee? a No successor needed b Trustee remains same c Death of trustee: Public Trustee may be trustee 51 What is the scope of UNC-1? a Caveats only b Unclaimed/vested property under Act c Mortgages only 52 What is the rule for a 60-day lapse of caveat? a Statutory dec outlines service, interest, and 60 days b Automatic lapse after 30 days c Lapse only with court order 53 What do postponements do? a Create a new title b Postpone one registered interest to another c Cancel title 54 Can a transfer of a mineral title be less than 1/20? a No; minimum is 1/20 b Only if mineral title is Crown c Yes, any fraction 55 What is the purpose of a Construction Lien? a To cancel title b Provide simple, inexpensive money collection for work done c To create a mortgage 56 What is a CRG-3 dealing with Crown Interests? a Same as private land b Transfers processed with less stringent dower/attestation c No special rules 57 What is the MAG Act referenced in notes? a Maintenance Enforcement Act; MEA b Municipal Act c Mortgage Act 58 What is the effect of a Joint Tenant death with Wills Act? a All die with no heirs b Survivorship automatically passes c If two JTs die at same time, they become TIC; survivors rem.

LTO Study Material (LA2 to LA3): Frog Edition

Froggy Jumps

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Creada por

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OPEN UP 6 UNIT 1 VOCABULARY

Froggy Jumps

LTO Study Material (LA2 to LA3): Frog EditionVersión en línea

por Rob

What is Fee Simple Estate?

What is Life Estate?

What is Leasehold?

What is Unity of Time in joint tenancies?

What is Unity of Title?

What is Unity of Interest?

What is Unity of Possession?

What happens if a unity is destroyed?

Who owns surface rights?

Who owns mineral rights?

What are Torrens Principles designed to do?

What is the Mirror Principle?

What is Curtain Principle?

What is Insurance Principle?

What is the effect of a Bankruptcy on joint tenancy?

Can bankruptcy be registered against mines/minerals?

What is Dower?

What must accompany a Maintenance Order?

What is the effect of a dower release?

Who can sign a Release of Dower?

What is an affiant required for a caveat?

Can a caveat be registered against non-patent land?

What is a Certificate of Lis Pendens (CLP)?

What is a Construction Lien filing deadline?

Can a construction lien be registered against crown minerals?

What must a Foreclosure Order include?

What is a Power of Attorney?

What is an Enduring POA?

Can an enduring POA be granted by a trustee?

What is a postponement in LTO terms?

What is the role of CORES?

Can a corporation be considered a joint tenant if it no longer exists?

What is Transmission on Death (TEN-1)?

What must a Transfer include for minerals?

What does WRE-1 cover?

What is the Mirror Principle?

Who can discharge a health hazard notice?

What is a CLP in Alberta law?

Can a defendant file an appeal to a Court Order No Appeal?

What is the effect of a Dower Act release?

What must accompany a Court Order- No Appeal (191)?

Can a caveat be withdrawn by solicitor?

What is a Probate vs Transmission on Death?

Can a NOSI register livestock?

What is an “AGRC” in caveats?

What is a Mortgage’s effect on land?

What is a Personal Property Security Interest (NOSI) rule?

What does a two-way video conferencing require?

What is the standard for a Change of Name evidence?

What is AGT Order’s effect on a trustee?

What is the scope of UNC-1?

What is the rule for a 60-day lapse of caveat?

What do postponements do?

Can a transfer of a mineral title be less than 1/20?

What is the purpose of a Construction Lien?

What is a CRG-3 dealing with Crown Interests?

What is the MAG Act referenced in notes?

What is the effect of a Joint Tenant death with Wills Act?