Oregon 30-Hour Real Estate Law Practice Test

What is the term used for Richard's transfer of land to the town for a public park?

1. Sale by contract.

2. Dedication by deed.

3. Purchase agreement.

4. Gift of charity.

The correct answer is: Dedication by deed.

The term used for Richard's transfer of land to the town for a public park is "dedication by deed." This term specifically refers to the voluntary transfer of land by a property owner for public use, particularly for things like parks, streets, or other public facilities. In this situation, Richard is not selling the land (which would involve a sale by contract) or creating a purchase agreement, as there is no exchange for value involved. Additionally, while it could be considered a gift of charity, "dedication by deed" encompasses the legal formalities and intent when land is explicitly designated for public purposes, which is the focal point in this context. This distinction is important as it reflects a specific legal process that affirms the land's new purpose and ownership by the public entity.