Convaynces

Question 1

Valid deed

Answer 1

To have a valid deed it must (1) be in writing, (2) identify the parties, (3) sufficiently describe the parties, (4) be signed by the grantor.

Question 2

Deed delivery

Answer 2

Title is not transferred unless the deed is properly delivered. Effective delivery requires:

(1) words or actions showing grantors intent to transfer.
(2) grantor relinquish all control over property
(3) delivery of deed. This is presumed if any of following happen (a) deed handed to grantee, (b) notarized by grantor or (c) recorded.
(4) acceptance - presumed unless Grantee previously said wont accept.

Question 3

Covenant of Warranty

Answer 3

Means that grantor will defend against lawful claims and that grantor will compensate grantee for any loss grantee suffers by assertion of superior title.

Question 4

Race-Notice

Answer 4

Race Notice statues protect bona fide purchasers of value & without notice. It gives them superior title over donee title holders.

Question 5

MI Race-Notice

Answer 5

In MI. subsequent purchaser must take property for value without notice and record first (before person claiming superior title).

Question 6

MI - Merchantable (Marketable) Record Title Act

Answer 6

In MI, a person with an unbroken chain of title of record to an interest in land for 40 years will have a marketable record title interest.

Question 7

MI- Adverse Possession

Answer 7

Elements for AP continuous, actual, open and notorious, hostile, and exclusive for the statutory period of 15 years.

Question 8

MI-Acquiescence

Answer 8

Plaintiff need only prove the parties (or their predecessors in interest) had agreed to a boundary line for the statutory period of 15 years.