What are the characteristics of a properly drafted deed?
What will be an ideal response?
A properly drafted deed:
1. Identifies the grantor (the person conveying the property) and the grantee (the person receiving the property)
2. Contains words that express the grantor's intent to convey the property
3. Identifies the type and percentage of ownership
4. States the price paid for the property, if any
5. Contains a legal description of the physical boundaries of the property (not the street address)
6. Specifies any easements or restrictions on use of the land
7. Identifies any warranties or promises made by the grantor in conjunction with the conveyance
You might also like to view...
Patricia, a training manager, is making a presentation to her company's business leaders. She says meeting the company's five-year plan will require skills in using some new technology. Employees and their supervisors are eager to learn, but Patricia says some situational constraints are standing in the way of meeting these objectives. What could be such a constraint?
A. Employees have a negative attitude toward training. B. The company has not budgeted sufficient funds for training. C. Supervisors don't tell their employees about the training that is available. D. Supervisors don't believe training is relevant. E. Supervisors don't praise employees for learning.
How can a company reduce the threat of substitute products or services?
A. Ignore competitive forces. B. Market the product to less than 10 customers. C. Offer less value making the product far more generic and similar to the competition. D. Offer additional value through wider product distribution.
Which of the following is a function of headings in a report?
A. headings minimize white space B. headings spell out the significance of the material in a section C. headings act as signposts to guide the reader through the report D. all of these
Which of the following must a promissory note contain to make it negotiable?
A) an acknowledgement of debt B) an implied promise to pay C) an unconditional promise to pay D) a promise to negotiate