Question

87. Under Florida law, which best describes the nuances of a warranty deed?

1. A statutory provision that incorporates certain common law covenants.
2. A common law concept.
3. A deed between spouses.

88. Sportsgear, Inc. would like to acquire a store building with complete marketable title so if a title defect was to arise, it would be fully covered. Which of the following would best meet this criteria?

1. A warranty deed.
2. A warranty deed and title insurance.
3. A special warranty deed

Answer 1

87. (a) A statutory provision that incorporates certain common law covenants

Warranty Deed (FL) A deed transferring title to real property from a guarantor to a guarantee. In Florida, a warranty deed (also called a general warranty deed) provides the guarantee with broad warranties and covenants of title and is the customary form of deed used in residential real property transactions

88. (b) A warranty deed and title insurance

Most property sales make use of a warranty deed. Paired with title insurance, the warranty deed guarantees that the “grantor” is the rightful owner and transfers these rights and title to the “grantee” or new owner of the property. With a warranty deed, the title is clear