Louisiana Notary Vocabulary with Complete Solutions!

Abstract - ANSWER-An abstract is a history of the title to property as revealed by the public records. Acceleration clause - ANSWER-Clause used in an installment note and mortgage which gives the lender the right to demand payment in full upon the happening of a certain event, such as failure to pay an installment by a certain date, change of ownership without the lender's consent, destruction of the property, or other event in which endangers the security of the loan. Accessory contract - ANSWER-A contract is necessary when it is made to provide security for the performance of an obligation. Suretyship, mortgage, pledge, and other types of security agreements are examples of accessory contracts. La. C.C. art 1913. Accession - ANSWER-Acquiring title to additions or improvements to property as a result of natural growth, labor, the annexation of fixtures or the accretion of alluvial deposits along the banks of streams. La. C.C. art. 483, et seq. Acknowledged act - ANSWER-Any act or instrument in writing signed by the parties in the presences of two witnesses and then taken by the party(ies) or the witness(es) before a notary and two witnesses; the original act signed out of the presence of the notary Appearer - ANSWER-A person who goes before an official authorized to administer oaths, take acknowledgments, or make authentic acts, and who makes a declaration, executes or acknowledges an instrument of writing. Appraisal - ANSWER-The process of valuing property; a valuation of property by two or more appraisers who are appointed and authorized by a court to place a value on designated property as a part of a court proceeding. Appurtenances - ANSWER-A right, privilege, or property that is considered incident to the principal property for purposes such as passage of title, conveyance or inheritance; a thing that is necessarily connected with the use and enjoyment of another thing. State Farm Fire & Cas Co v. Pfiffer, 399 So.2d 1250 (la.App. 1st Cir. 1981) Ascendant - ANSWER-One who precedes in lineage (parent, grandparent); an ancestor. Assignment - ANSWER-The transfer of claim, right, interest,or property from one to another; the instrument by which the transfer is effected. Assumption deed - ANSWER-An act of sale in which the buyer agrees to assume payment of the seller's mortgage. Attest - ANSWER-To witness something. Attorney in fact - ANSWER-One who is authorized to act for or represent another (principal), usually in business matters, whose authority may be expresses or implied; a representative. Sometime referred to by common-law terms as "agent" or "attorney-in-fact"- Acknowledgment - ANSWER-A formal declaration by a party before a notary public in the presence of two witness by the person who signs an instrument to the effect that it is his own free and voluntary act done for the purposes therein expressed. Acknowledgment of paternity - ANSWER-A formal written declaration whereby a person established himself as the natural father of a child. Acquets and gains - ANSWER-A civilian concept referring to the matrimonial regime of community property; acquets means all things acquired, gains is the increase in the value of property through the skill or labor of a person , particularly a spouse See C.C.