Chap. 5 Flashcards
(4 cards)
0
Q
- covenant of seisin-warrants the grantor has the right to convey title;
- covenant against encumbrances-warrants the property is free from liens or encumbrances unless expressly stated;
- covenant of quiet enjoyment- makes the grantor liable for damages if the grantee’s title is found to be inferior;
- covenant of further assurance- the grantor’s promise to obtain any other document necessary to convey good title;
- covenant of warranty forever- the grant it’s promise to compensate the grantee if the title fails at any future time
- three common types of deeds*
A
General warranty deed
1
Q
Adverse possession
A
Property seizure occurring when someone who is not the lawful property owner takes possession of property for the length of time specified by stater law and usually in a way that is Open,Continuous,Exclusive,Adverse,Notorious
2
Q
Two warranties:
- warranty that the grantor received title
- warranty that property was unencumbered by grantor
- three common types of deeds*
A
Special warranty deed
3
Q
- no express or implied covenants or warranties
- used primarily to convey less than fee simple or to cure a title defect
- three common types of deeds*
A
Quitclaim deed