Level 5 Chapter 3

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/23

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 9:28 PM on 6/11/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

24 Terms

1
New cards
Competent Grantor
A valid deed must identify a competent and willing grantor
2
New cards
Grantee
A valid deed must identify a legitimate living grantee
3
New cards
Granting Clause
A valid deed must contain words showing intent to transfer ownership
4
New cards
Legal Description
A valid deed must adequately identify the property being conveyed
5
New cards
Grantor Signature
A valid deed requires the grantor's signature
6
New cards
Delivery and Acceptance
A deed must be delivered and accepted to be effective
7
New cards
Date
A date is not required for deed validity
8
New cards
Recording
Recording is not required for validity between the parties
9
New cards
Purchase Price
Purchase price is not an essential element of a valid deed
10
New cards
Revenue Stamps
Revenue stamps are not required for deed validity
11
New cards
Grantor Signature
A valid deed generally requires the grantor's signature
12
New cards
General Warranty Deed
Provides the broadest warranties of title
13
New cards
Special Warranty Deed
Warrants title only during the grantor's ownership
14
New cards
Quitclaim Deed
Transfers whatever interest the grantor possesses without warranties
15
New cards
Trustee's Deed
Special purpose deed commonly associated with foreclosure under a deed of trust
16
New cards
Sheriff's Deed
Special purpose deed issued after certain court ordered sales
17
New cards
Correction Deed
Used to correct errors in a previously recorded deed
18
New cards
Deed of Gift
Transfers property without consideration
19
New cards
Purchase Price
Not essential for deed validity
20
New cards
Date
Not essential for deed validity
21
New cards
Recording
A valid deed does not require recording between the parties
22
New cards
Revenue Stamps
Not essential for deed validity
23
New cards
NC Excise Tax
Based on the sales price of real property
24
New cards
Deed
A voluntary instrument of conveyance used to transfer title