Discuss the Types of Deeds That Can Be Used to Transfer

question 6

Essay

Discuss the types of deeds that can be used to transfer title.

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Definitions:

Express Contract

A contract in which the terms are specifically stated by the parties, either orally or in writing.

Executed Contract

A contract that has been fully performed and completed by all parties involved.

Implied-in-law Contract

A type of contract formed by the courts where no explicit agreement exists between the parties, but an obligation is imposed to prevent unjust enrichment.

Binding Contract

An agreement between two or more parties that is legally enforceable in a court of law.