Rachel executes a deed to Peter as grantee, has it acknowledged and receives payment from the...

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Rachel executes a deed to Peter as grantee, has it acknowledged and receives payment from the buyer. Rachel holds the deed, however, and arranges to meet Peter the next morning at the courthouse to give the deed to him. In this situation at this time O Legal title to the property will not officially pass until Peter has been given the deed next morning and he signs it Peter owns the property because he has paid for it Peter owns the property because the verbal agreement was reached. O Legal title to the property will not pass until Peter has recorded the deed next morning Peter will own the house after he physically moves in Rachel executes a deed to Peter as grantee, has it acknowledged and receives payment from the buyer. Rachel holds the deed, however, and arranges to meet Peter the next morning at the courthouse to give the deed to him. In this situation at this time O Legal title to the property will not officially pass until Peter has been given the deed next morning and he signs it Peter owns the property because he has paid for it Peter owns the property because the verbal agreement was reached. O Legal title to the property will not pass until Peter has recorded the deed next morning Peter will own the house after he physically moves in

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