Compare and contrast a general warranty deed, a special warranty deed, and a quitclaim deed
What will be an ideal response?
A general warranty deed is the highest level of assurance to the buyer. The grantor warrants that the property is being transferred and conveyed without any reservation and is free and clear of any encumbrances or defects including those from prior owners. In a special warranty deed, the grantor gives a limited warranty, which extends to the grantor's interest only. There is no assurance with respect to previous owners in the chain of title. In a quit claim deed, the grantor makes no assurances concerning the quality and content of title. The quit claim deed is used when the interest of the grantor may be in doubt.
You might also like to view...
Minor children are not liable for their torts.
a. true b. false
The judgment debtor is the party that won at trial
Indicate whether the statement is true or false
When conducting legal research on the Internet, the savvy researcher should
A. rely on online examples provided for framing a query B. review online HELP screens and search tips C. take advantage of free vendor training for online products D. contact vendor telephone reference and customer service E. c and d F. all of the above
Explain the basic arrangement in a workers’ compensation scheme.
What will be an ideal response?