Property Ownership
In Louisiana, 'onerous' title refers to property acquired:
AThrough gift or inheritance only
BBy purchase or exchange — consideration was given for the acquisition, as opposed to lucrative title (gift or inheritance)✓ Correct
CThrough a legal judgment
DThrough adverse possession only
Explanation
Louisiana Civil Law distinguishes between onerous title (property acquired for consideration — purchase, exchange) and lucrative title (property acquired gratuitously — gift or inheritance). This distinction matters for community property classification.
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Key Terms to Know
Community Property
In community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
State-Specific Concepts
Community Property
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