A real estate conveyance is governed by the:
A) statute of frauds.
B) financial decisions of the lender.
C) terms of the mortgage.
D) law of secured transactions.

Question

Quizplus · Accepted Answer

A real estate conveyance is a transfer of property ownership from one person to another, and thus falls under the statute of frauds, which requires certain types of contracts, including real estate contracts, to be in writing to be enforceable. The financial decisions of the lender and terms of the mortgage may be relevant to the transaction, but they do not govern the conveyance itself. The law of secured transactions pertains to the creation and enforcement of security interests in personal property, which is not necessarily relevant to a real estate conveyance.

A Real Estate Conveyance Is Governed by The