Under A(n)________ Deed,the Seller Is Not Liable for Defects in Title

question 114

Short Answer

Under a(n)________ deed,the seller is not liable for defects in title that existed before the seller obtained the property or for encumbrances that were present when the seller obtained the property.

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Definitions:

Lease Versus Buy

The decision-making process regarding whether to finance an asset through leasing or purchasing it outright.

Operating Lease

A leasing agreement allowing the use of an asset without ownership, typically with shorter terms than a finance lease.

Lessor

A lessor is an individual or entity that rents out an asset to a lessee under a lease agreement.