Which of the Following Carries with It No Warranties or Guarantees

question 26

Multiple Choice

Which of the following carries with it no warranties or guarantees of title?

• A) Warranty deed.
• B) Quitclaim deed.
• C) Special warranty deed.
• D) All types of deeds carry a warranty of title.

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Definitions:

Fair Market Price

The price at which an asset would trade in a competitive auction setting, reflecting the true value under current market conditions.

Par Preferred Stock

Preferred stock issued at its nominal or face value, often with specified dividends, which has priority over common stock in dividend payments and upon liquidation.

Par Common Stock

The nominal or face value assigned to common stock shares by the issuing company, often used as an accounting standard.

Operations

The day-to-day activities required for a business to function, which can include production, manufacturing, sales, and marketing among others.