Involuntary transfers of real property may be accomplished by:
a. Foreclosure
b. Eminent domain/condemnation
c. Adverse possession
d. All of the above
Q. 2A loss payee described on the Declarations page of an automobile insurance policy means:
a. All losses must be paid only to the named insured.
b. The insured has a loan on the insured motor vehicle.
c. A loss must be paid only to an identified additional insured.
d. None of the above.
Q. 3The process by which the property of one who dies without a will, and without heirs, goes to the state is:
a. Escheat
b. Eminent domain
c. Condemnation
d. Just compensation
Q. 4One who is entitled by statute to the real or personal property of a decedent who dies intestate, is a(n):
a. Heir
b. Intestate
c. Beneficiary
d. Legacy
Q. 5A gift of real property to a local, state or federal government is a(n):
a. Escheat
b. Dedication
c. Inter vivos gift
d. None of the above
Q. 6An insured has an automobile policy with split liability limits of 100,000/300,000/100,000 . This means thee are:
a. 100,000 BI limits per person/300,000 . BI limits per accident/ and 100,000 . PD limits.
b. 100,000 PD limits/300,000 BI limits per accident/ and 100,000 BI limits per person.
c. 100,000 PD limits per person/300,000 . PD limits per accident/ and 100,000 BI limits per accident.
d. None of the above.
Q. 7An inter vivos gift means the gift is made:
a. By will
b. Through intestacy
c. To the state
d. Between living persons
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