A Deed Is a Special Form of Written Contract Used

question 16

Multiple Choice

A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires:

• A) both parties to be legally competent and of legal majority age.
• B) only the grantee to be legally competent and of legal majority age.
• C) only the grantor to be legally competent and of legal majority age.
• D) both parties to make promises to perform.

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Definitions:

Shirts

Clothing items designed to cover the torso, typically with sleeves and a collar.

Marginal Utility

The gain in satisfaction or benefit from consuming one additional unit of a good or service.

Soft Drinks

Beverages that are non-alcoholic and typically carbonated, often containing sugar, flavorings, and acids.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.