Manhattan Developers,Inc. ,pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives Manhattan a deed that conveys only whatever interest Northeast has in the strip.This is
A)a grant deed.
B)a quitclaim deed.
C)a special warranty deed.
D)a warranty deed.

Question

Manhattan Developers,Inc. ,pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives Manhattan a deed that conveys only whatever interest Northeast has in the strip.This is​
A)a grant deed.
B)a quitclaim deed.
C)a special warranty deed.
D)a warranty deed.

Quizplus · Accepted Answer

This is a quitclaim deed, as it conveys only whatever interest Northeast has in the strip without any warranties or guarantees.