Asked by Alexander Schneider on Jun 03, 2024
Verified
Delivery of a deed may be made by giving it to a third party to hold until the grantee performs certain conditions.
Delivery of a Deed
The act of formally transferring the title of property from the seller to the buyer, usually through a documented deed.
Grantee
The recipient of a grant, right, or privilege, such as the person to whom property is transferred in a deed.
Third Party
A third party is any individual or entity that is not directly involved in a contract, agreement, or transaction but may be affected by it or have an interest in its outcome.
- Understand the legal mandates and impacts involved in transferring land ownership, including the critical role of conveying the deed.
Verified Answer
ZK
Zybrea KnightJun 07, 2024
Final Answer :
True
Explanation :
Delivery of a deed can indeed be conditional, where the deed is given to a third party (an escrow agent) to hold until specific conditions are met by the grantee. Once these conditions are fulfilled, the deed is then delivered to the grantee, completing the transfer of property.
Learning Objectives
- Understand the legal mandates and impacts involved in transferring land ownership, including the critical role of conveying the deed.