Asked by
Bienstar Counseling Services
on Nov 28, 2024Verified
Bayside Inc. pays Coastal Marina to release its claim to a strip of waterfront property. Coastal gives Bayside a deed that conveys only whatever interest Coastal has in the strip. This deed is
A) none of the choices.
B) a quitclaim deed.
C) a deed of quiet enjoyment.
D) a warranty deed.
Quitclaim Deed
A deed that conveys only whatever interest the grantor had in the property and therefore offers the least amount of protection against defects of title.
Warranty Deed
A deed in which the grantor promises that she or he has title to the property conveyed in the deed, that there are no undisclosed encumbrances on the property, and that the grantee will enjoy quiet possession of the property; provides the greatest amount of protection for the grantee.
Waterfront Property
Real estate located along a body of water, such as a sea, ocean, lake, or river.
- Identify and describe different types of deeds and their implications in property transactions.
Verified Answer
NS
Learning Objectives
- Identify and describe different types of deeds and their implications in property transactions.