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Conveyance of Title - Law of Contracts - Champions Questions and Complete Solutions Graded A+
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Conveyance of Title - Law of Contracts - Champions Questions and Complete Solutions Graded A+
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Conveyance of Title - Law of Contracts -Champions Questions and Complete
Solutions Graded A+
Title - Answer: evidence an individual has of his or her right to possess land. Title is most often
transferred from one owner to another by deed
Alienation - Answer: Any change in the ownership of real property
Adverse Possession - Answer: individual acquires title from the rightful owner through hostile, actual,
and continuous occupation of the land for the statutory period
Will - Answer: Real property conveyed by will is called a devise
Probate - Answer: The formal judicial proceeding to prove or confirm the validity of a will, to collect the
assets of the decedent's estate, to pay the debts and taxes, and to determine the persons to whom the
remainder of the estate is to pass
Deed - Answer: written document that conveys ownership or an ownership interest in real property
from one party, called a grantor, to another party, called a grantee
Covenant - Answer: promise made to another. One important covenant in a conveyance is the covenant
of seizin. The covenant of seizin states that the grantor owns the property has the right to convey it
Restriction - Answer: in a deed is a limitation placed on the new owner by the grantor
Reservation - Answer: deed reserves rights for the grantor. For example, a grantor selling property may
reserve or keep the mineral rights for himself or herself
General Warranty Deed - Answer: Gives the purchaser the best degree of protection
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