Closing— Deeds

Question 1

To pass title, a deed must be: (acronym)

Answer 1

LEAD

Lawfully
Executed
And
Delivered

Question 2

Lawful execution requires:

It does NOT require:

Answer 2

Needs:
Writing signed by grantor
Unambiguous description
Identification of parties
Words of intent

Does not need:
Consideration

Question 3

Deed delivery requirement is a _____ standard asking whether the grantor had a ____ to be bound by the deed.

Answer 3

Legal; present intent

Question 4

Delivery is effective even with a rejection by the recipient. T/F

Answer 4

False

Question 5

Oral condition placed on a deed is [effective/not effective.]

Answer 5

Not effective

Question 6

Three types of deeds

Answer 6

Quitclaim
General warranty
Special warranty

Question 7

Quitclaim deeds contain no ___.

Answer 7

No promises (no covenants)

Question 8

General warranty deed includes: (give general statement then 6 covenants)

Answer 8

Covenants include seller’s liability for previous sellers’ issues.

6 covenants (present and future):
Seisin
Right to convey
Against encumbrances
Quiet enjoyment (no 3rd party claims)
Warranty
Further assurances