Asked by
Sadaf Naqvi
on Dec 01, 2024Verified
Sam has agreed to sell a warehouse to Jordan for $150,000. The contract says that Sam will convey to Jordan whatever interest he has in the property, but does not state that he has any interest. Jordan is entitled to a(n) :
A) insurable deed.
B) quitclaim deed.
C) general warranty deed.
D) special warranty deed.
Quitclaim Deed
A legal document used to transfer interest, if any, in real property with no warranties regarding the title of the property.
Warehouse
A large building where raw materials or manufactured goods may be stored before their distribution for sale.
General Warranty Deed
A type of deed where the seller guarantees to the buyer that they hold clear title to the property and have the right to sell it, with protection against future claims to the title.
- Determine and illustrate the diverse forms of deeds and their significance in property transfers.
Verified Answer
BD
Learning Objectives
- Determine and illustrate the diverse forms of deeds and their significance in property transfers.