Stan has agreed to sell a warehouse to Ed for $150,000.The contract says that Stan will convey to Ed whatever interest he has in the property,but does not state that he has any interest.Ed is to receive a(n)____ deed.
A) insurable
B) quitclaim
C) general warranty
D) special warranty

Question

Quizplus · Accepted Answer

Since the contract does not state that Stan has any interest in the property, he cannot provide a general warranty deed or a special warranty deed. The best option for this situation is a quitclaim deed, which simply conveys whatever interest (or lack thereof) the grantor has at the time of the conveyance.

Stan Has Agreed to Sell a Warehouse to Ed for $150,000.The