What six covenants or warranties are included in a general warranty deed? Please explain each. What is
Question:
- What six covenants or warranties are included in a general warranty deed? Please explain each.
- What is a grantor and what is a grantee?
- What is the difference between a present covenant and a future covenant contained in a general warranty deed?
- What is the difference between a general warranty deed and a limited warranty deed?
- What is a quitclaim deed, and what are some of its uses?
- What describes the requirements of a valid deed.
- What is the importance of having a grantor's signature witnessed?
- What are the three presumptions regarding the delivery of a deed?
- Which state's law will control the legal requirements for a deed?
- Whatdescribes the formal parts of a deed.
- When can a deed be rescinded?
- Acme, LLC is a Florida Limited Liability Company. Acme is selling land to Stephen Howell and Mattie Howell, a married couple, who wish to own the land as joint tenants with rights of survivorship. Draft the grantor and grantee sections of the deed.
- John Hancock is selling his Boston townhome to John Adams. Who is required to sign the deed in connection with the transfer of ownership?
Annie owns a farm. Annie has given National Bank and Trust a mortgage on the farm. Annie transfers ownership of the farm to Bonnie and gives Bonnie a general warranty deed. The general warranty deed to Bonnie warrants that there are no encumbrances on the farm and does not mention the mortgage to National Bank and Trust. Bonnie owns the farm only a short time and then sells the farm by limited warranty deed to Charlie. Charlie decides the farm life is not for him and the farm by general warranty deed to Donna. The general warranty deed does not mention the mortgage to National Bank and Trust. One week after Donna purchased the farm, National Bank and Trust notifies Donna of the mortgage.
- Is there a breach of any deed warranty or covenant and, if so, which covenant?
- At this stage, can Donna sue Charlie? Can Donna sue Bonnie? Can Donna sue Annie?
- After notifying Donna of its mortgage, National Bank and Trust commences foreclosure proceedings to sell Donna's farm to pay the debt. At this stage, what deed covenant has been violated, if any? At this stage can Donna sue Charlie for breach of covenant? Can Donna sue Bonnie? Can Donna sue Annie?
- Michael Thorn and his wife Rachel Thorn own a homestead in Freeport, Florida. On February 14, 2023, they created a Trust called "The Thorn Family Trust." They want to transfer their homestead into the trust. Who are the grantors? Who is the grantee?
- Violet Smith is selling her real property to River Brown and Jasmine Brown. You have prepared the deed for Violet's signature and you are in a state that requires to witnesses to Violet's signature. Can Walker Smith, Violet's husband, witness her signature on the deed? Can Jasmine Brown witness Violet's signature on the deed? Can you witness Violet's signature on the deed?
- Ten years ago, Martha Jackson bought a house. Last year, she got married and changed her name to Martha Brown. Now, she wants to sell the house. Briefly explain how Martha should be identified in the grantor section and in the signature line of the deed.
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne