Transfer of Title Flashcards

Which type of deed provides the GREATEST protection to a grantee?

Answer: General warranty deed

A general warranty deed contains six covenants warranting title against all defects, including those arising before the grantor owned the property.

What does a quitclaim deed convey?

Answer: Only the grantor's present interest, whatever it may be

A quitclaim deed transfers only whatever interest the grantor currently holds, with no warranties or guarantees of title quality.

The covenant in a general warranty deed that promises the grantor has the right to convey the property is called the covenant of:

Answer: Seisin

The covenant of seisin guarantees that the grantor actually owns and possesses the estate being conveyed.

A deed signed by a grantor who is legally incompetent is:

Answer: Void and has no legal effect

A deed executed by a legally incompetent person is void ab initio because that person lacks the legal capacity to contract.

Which of the following is NOT a required element for a valid deed?

Answer: Grantee's signature

A deed does not require the grantee's signature; only the grantor must sign, and the grantee must accept delivery.

A special warranty deed differs from a general warranty deed in that it:

Answer: Only warrants against defects arising during the grantor's ownership

A special warranty deed limits the grantor's warranty to title defects that occurred only during the period the grantor owned the property.

Recording a deed protects the grantee primarily against:

Answer: Subsequent bona fide purchasers who claim the same property

Recording gives constructive notice to the world, preventing a later purchaser from claiming they were unaware of the prior conveyance.