Answer:
D) Under a grant deed, the two warranties — that S. C. has not already transferred the title to another person, and that the estate is free of any encumbrances, other than which has been disclosed — are implied within the grant. These implied warranties do not need to be stated in the deed, but are still present
Explanation:
A grant deed is a document that legally transfers the ownership of a property from the seller of the property to the buyer.
A grant deed gives two warranties to a buyer of the property and there are:
a. The property has not been sold to anybody else
b. There are no limitations present on the property that the buyer is not aware of already.
These warranties present in a grant deed do not need to be stated but they are present in the grant deed anyways.
A grant deed must contain the following:
a. The name of the person transferring the property also known as the grantor.
b. The name of the person the property is being transferred to also known as the grantee.
c. The accurate description of the property been transferred.
Reassessment of property tax on a property that has a grant deed is not necessary at all.
A public official who has been commission also known as a notary is always present at the signing of a grant deed.
