Nat 13 Flashcards

1
Q

Conveys the grantors interest and warrants title against all claims

A

Warranty deed

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2
Q

Conveys the grantors interest and warrants title against claims arising only from the grantors actions

A

Special warranty deed

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3
Q

Conveys the grantors interest but has no expressed warranty

A

Bargain and sales deed

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4
Q

Releases all of the grantors interest

A

Quit claim deed

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5
Q

Document signed by one spouse prior to the other spouse acquiring property in order to prevent it from becoming community property

A

Disclaimer

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6
Q

Explains or defines the title being transferred. “To have and to hold”

A

Habendum clause

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7
Q

Title that is without cloud or defect

A

Merchantable title

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8
Q

A summery of the chain of title

A

Abstract of title

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9
Q

A compleat history of the property

A

Chain of title

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10
Q

Protects the buyer against certain defects

A

Owners title policy

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11
Q

A duplicate set of public records maintained by a title company

A

Title plant

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12
Q

Provides buyer of a business with a list of sellers creditors

A

Bulk sale affidavit

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