A devise is a gift related to real property made by will. Which option best matches this definition?

Prepare for the New Jersey Title Agent Exam with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

A devise is a gift related to real property made by will. Which option best matches this definition?

Explanation:
Devise means a gift of real property that is made through a will. That’s why the description that fits best is a gift of real property by will. Gifts of personal property by will are called bequests, not devises. A transfer of real property by deed occurs during the owner's lifetime, not by will, and a contract to purchase real property is an agreement to buy, not a transfer of ownership. So the concept described is a gift of real property by will.

Devise means a gift of real property that is made through a will. That’s why the description that fits best is a gift of real property by will. Gifts of personal property by will are called bequests, not devises. A transfer of real property by deed occurs during the owner's lifetime, not by will, and a contract to purchase real property is an agreement to buy, not a transfer of ownership. So the concept described is a gift of real property by will.

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