The deed must contain a recital of the purchase price paid.

Name: The deed must contain a recital of the purchase price paid.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A deed does not necessarily have to contain a recital of the purchase price paid; the essential elements of a deed include a clear description of the property, the grantor and grantee's names, and the grantor's signature, among others, but not specifically the purchase price.

The Deed Must Contain a Recital of the Purchase Price