A warranty deed:
A. warrants against only those encumbrances that arise after a grantee acquires the property.
B. conveys title and guarantees to make good any defects in the title.
C. is used to cure technical defect in the chain of title to property.
D. disallows a grantee the right to sue the grantor.
Answer: B
You might also like to view...
Which of the following is false regarding the use of an audit checklist for disclosures?
a. It is a convenient documentation format. b. It reminds the auditor of matters that should be considered for disclosure. c. It can be organized to include relevant professional guidance. d. It covers all potential unusual circumstances.
Perceptions can create a communication barrier
Indicate whether the statement is true or false.
Which is true about a case from the United States Supreme Court?
A) It must be followed in all higher courts. B) It must not be followed in all lower courts. C) It must be followed in all lower courts. D) It must be followed only in state courts.
Control charts used in controlling quality include
A) X-bar charts. B) R-charts. C) P-charts. D) all of the above.