Delivery of Deeds Flashcards
Delivery of deed to grantee’s agent
Effective?
Yes effective delivery
Delivery to grantor’s agent
Effective?
Three possible situations
Not yet effectie delivery.
- authority to deliver may be revoked by grantor prior to effective delivery to grantee
- Grantee may die before effective delivery
- Grantor may die before effective delivery (agent’s authority to deliver revoked)
Delivery to an escrow agent.
What is it?
What date is delivery marked effective?
What happens if grantee or grantor dies before temrs met?
Irrevocable deed delivery to escrow agent constitutes effectibe delivery on date when conditions specified for conveyance are later satisfied
Even if grantee or grantor dies before terms for conveyance are satisfied, just as long as the terms are satisfied
Death escrows are usually held valid
(Pipes Case)
Is this a valid conveyance?
O to A and heirs.
Oral condition “to commence at O’s death”
Invalid transfer.
Attempts testamentary transfer which must be by will.
Intent to make future gift at O’s death.
Is this a valid conveyance?
O to A and heirs
O gives in contemplation of death.
Valid transfer of present gift of present interest
Note: revocability of gifts causa mortis NOT APPLICABLE to deeds to real property
Is this a valid conveyance?
O to A and heirs
With oral condition other than O’s death
Courts are split.
Valid: but condtion is void
Statute of frauds/Recording Acts
Invalid: b/c grantors intent?
void condtion voids gift
Valid: and condition valid
but protects 3rd parties