Because It Is Implied, a Granting Clause Is Not Necessary

question 42

True/False

Because it is implied, a granting clause is not necessary in most states for a deed to be valid.

---

Definitions:

Initial Investments

The initial amount of money invested in a project, asset, or company to cover setup costs or purchase capital assets.

Working Capital

The difference between current assets and current liabilities, indicating the liquidity available to fund day-to-day operations.

Income Tax Rate

The percentage of income that is paid to the government as tax.

After-Tax Discount Rate

This is the discount rate that has been adjusted for taxes, used to evaluate the net present value of an investment after taking into account the tax implications.