Asked by Kayla Kirkpatrick on May 12, 2024
Verified
A warranty deed contains an implied warranty of good title and quiet enjoyment of the land.
Warranty Deed
A legal document in real estate transactions that guarantees the seller holds clear title to the property and has the right to sell it.
Implied Warranty
An unwritten guarantee that a product or service is fit for the purpose it was sold for, based on the reasonable expectations of the consumer.
Good Title
The rightful, legal ownership of property, including real estate or personal property, free of liens or any other encumbrances.
- Learn about the diverse types of deeds and the specific assurances or non-assurances associated with each.
Verified Answer
MF
Michael Fernando FloresMay 16, 2024
Final Answer :
True
Explanation :
A warranty deed indeed contains an implied warranty that the grantor has good title to the property and the grantee will have quiet enjoyment of the land, free from claims by third parties.
Learning Objectives
- Learn about the diverse types of deeds and the specific assurances or non-assurances associated with each.