Discuss the types of deeds that can be used to transfer title
Warranty deeds, special warranty deeds, and quitclaim deeds are the three commonly used types of deeds. By a warranty deed, the grantor promises the grantee that the grantor has a valid title to the property. A special warranty deed warrants only that the title has not been impaired, encumbered, or rendered defective because of any act or omission of the grantor. In a quitclaim deed, the grantor makes no representations of having title to the property, but only promises to convey whatever interest the grantor has.
You might also like to view...
All of the following are limitations of the existing online credit card payment system except:
A. poor security. B. cost to consumers. C. cost to merchant. D. social equity.
A manual process takes 18 minutes of direct labor time and six pounds of material to produce a product. Automating the process requires 12 minutes of machine time and 5 pounds of material. The cost per labor hour is $9, the cost per machine hour is $7, and the cost per pound of materials is $11. Find the non-value added cost for the above situation
A) $2.40 per unit B) $9.00 per unit C) $12.30 per unit D) $1.70 per unit
A small office supply company may have a person whose primary responsibility is to process routine orders, reorders, or rebuys of products for clients. This employee is known as a(n)
A. sales support rep. B. order getter. C. sales team. D. order taker. E. sales manager.
Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 + 0.25(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year?
A. 2.78 times B. 2.82 times C. 4.35 times D. 3.79 times E. 3.48 times