Louisiana Notary Vocabulary words with Complete Solutions

Materialman's privilege - ANSWER-privilege to protect supplier forced portion - ANSWER-Portion testator must leave to children under 24 years of age if mentally competent and not physically infirm Ne Varietur - ANSWER-Notation which is part of a paraph naked owner - ANSWER-owner of property burdened with us usufruct inventory - ANSWER-notaries can engage in this activity heritable - ANSWER-transferable guardian - ANSWER-legally responsible for care /mgmt of property if children or interdicts fiduciary - ANSWER-A person entrusted with the property of another party and in whose best interests the ___ is expected to act when holding, investing, or otherwise using that person's property. legitimation - ANSWER-this occurs to a child born out of wedlock interdiction - ANSWER-court proceeding to appoint curator jurat - ANSWER-"sworn to and subscribed before me this __ day of April, 2008" intestate succession - ANSWER-dies without will hypothecate - ANSWER-pledge collateral for debt laborer's privilege - ANSWER-privilege to protect workmen juridical person - ANSWER-a corporation, for example juridical mortgage - ANSWER-judgments create this mortgagee - ANSWER-name for person in whose favor mortgage is granted legatee - ANSWER-person named in a will good faith - ANSWER-basis for entering all contracts forced heir - ANSWER-person over 24 if mentally incompetent or physically infirm mortgagor - ANSWER-name for a person who grants mortgage minor - ANSWER-this person has no capacity unless emancipated interdiction - ANSWER-person declared incapable of caring for his person or administering his affairs earnest money - ANSWER-down payment in real estate transaction --permits either party to recede from a contract to sell, but the buyer who chooses to recede from the contract forfeits the ___ and the seller who chooses to recede from the contract must return double the earnest money.