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​There Are Precautions to Be Observed When Accepting Checks

question 23

Multiple Choice

​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy) or not a best practice (not good policy) .Note: Answers may be used more than once.
-​Printed on the back of each check that reads "original document" with a list of the security features and will not photocopy clearly


Definitions:

Special Warranty

A warranty in a deed that the grantor only guarantees against title defects that occurred during their ownership of the property.

General Warranty

A comprehensive guarantee that a seller gives to a buyer, covering the title and condition of property or goods.

Transfer by Deed

The act of conveying real estate ownership through a legal document known as a deed.

Deed

A legal document that represents the ownership of real property or real estate and is used to transfer title from one party to another.

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