CHAPTER 9: ELEMENTS OF A DEED Flashcards
____- A formal declaration made before an authorized person, e.g., a notary
public, by a person who has executed an instrument stating that the execution was his or
her free act.
Acknowledgment
____- - Anything given or promised by a party to induce another to enter into a
contract, e.g., money, personal services, or even love and affection.
Consideration
___- - A technical legal term in a deed of conveyance bestowing an interest in real property
to another. The words “convey” and “transfer” have the same effect.
Grant
___ CLAUSE- - The “to have and to hold” clause which may be found in a deed.
Habendum Clause
___ DESCRIPTION- A land description recognized by law; a description by which property
can be definitely located by reference to government surveys or approved recorded maps.
Legal Description
____- - The act of agreeing or consenting to the terms of an offer thereby establishing
the “meeting of the minds” that is an essential element of a contract.
Acceptance
___ notice- Express or implied knowledge of a fact.
___ notice- Notice of the condition of title to real property given by the official
records of a government entity which does not require actual knowledge of the information.
actual
constructive