In Order for a Deed to Be a Valid Conveyance

question 26

Multiple Choice

In order for a deed to be a valid conveyance of property, there must be an observable, verifiable transfer of the deed to the grantee. Typically this is accomplished when the grantor hands the deed to the grantee at closing. Which of the following basic requirements of a deed does this represent?

• A) Acknowledgment
• B) Delivery
• C) Words of conveyance
• D) Recital of consideration

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Definitions:

Voucher System

A method of accounting in which a record is kept for each transaction, detailing the necessary approvals and documentation.

Source Documents

Original records that provide evidence of financial transactions, such as receipts, invoices, or bank statements.

Invoice

A document detailing a transaction between a buyer and seller, including the quantities, prices, terms, and conditions of sale.

Tickler File

A reminder system or method used for tracking deadlines and important dates, often organized by date.