The Code Does Not Label the Warranty of Title as an Implied

question 57

True/False

The Code does not label the warranty of title as an implied warranty,despite the fact that it arises out of the sale and not from the words or conduct of the parties.

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Definitions:

Future Holder

A future holder refers to an entity or individual who will hold a right, position, or property at a future date.

Fee Simple Absolute

An ownership interest in which the holder has exclusive rights to ownership and possession of the land to the holder; the most comprehensive type of estate.

Conditional Estate

A type of property ownership that is subject to certain conditions or requirements being met.

Condition

A provision in a contract or agreement that stipulates a specific event or action must occur before the contract is considered effective or a duty is triggered.