BUSI 4350- Chapter 49 Questions with Verified
Correct Answers
The Barretts and the McGregors are adjacent property owners. There is a fence, built in
the late 1940's, separating their properties. The Barretts bought their property in 1973
from the Prescott family with a warranty deed recorded in the appropriate government
office. The Prescott family had purchased the property from the Nunn family in 1945, also
with a warranty deed recorded in the appropriate government office. The Barretts
attempted to sell their property and a dispute arose regarding the boundaries of the
property. The property in dispute consisted of 34.28 acres in a heavily wooded area behind
the residences. The disputed property was on the McGregor's side of the fence, but the
Barretts argued that the deeds clearly outline the disputed property as part of their land.
To trace their ownership, the Barretts produced the 1945 deed which described the land in
great detail, using metes and bounds, and clearly included the 34.28 acres. The Barretts
also produced the 1973 deed which Included a general description using the words, "the
tract described in the 1945 deed from Nunn to Prescott." In other words, in the 1973 Deed's
general description, the Prescott family claimed to convey their entire parcel obtained
through the 1945 Deed, including the 34.28 acres in dispute. In contrast, the 1973 Deed's
metes-and-bounds description did not contain the 34.28 acres. Instead, the 34.28 acres were
directly next to the property described by the metes and bounds in the 1973 deed. Who
owned the property?
The Barretts claim the property belonged to them because of a legal transfer through the
______________.
,Deed
The Barretts and the McGregors are adjacent property owners. There is a fence, built in
the late 1940's, separating their properties. The Barretts bought their property in 1973
from the Prescott family with a warranty deed recorded in the appropriate government
office. The Prescott family had purchased the property from the Nunn family in 1945, also
with a warranty deed recorded in the appropriate government office. The Barretts
attempted to sell their property and a dispute arose regarding the boundaries of the
property. The property in dispute consisted of 34.28 acres in a heavily wooded area behind
the residences. The disputed property was on the McGregor's side of the fence, but the
Barretts argued that the deeds clearly outline the disputed property as part of their land.
To trace their ownership, the Barretts produced the 1945 deed which described the land in
great detail, using metes and bounds, and clearly included the 34.28 acres. The Barretts
also produced the 1973 deed which Included a general description using the words, "the
tract described in the 1945 deed from Nunn to Prescott." In other words, in the 1973 Deed's
general description, the Prescott family claimed to convey their entire parcel obtained
through the 1945 Deed, including the 34.28 acres in dispute. In contrast, the 1973 Deed's
metes-and-bounds description did not contain the 34.28 acres. Instead, the 34.28 acres were
directly next to the property described by the metes and bounds in the 1973 deed. Who
owned the property?
A deed transfers ________________ to ___________ property.
Title, real
, The Barretts and the McGregors are adjacent property owners. There is a fence, built in
the late 1940's, separating their properties. The Barretts bought their property in 1973
from the Prescott family with a warranty deed recorded in the appropriate government
office. The Prescott family had purchased the property from the Nunn family in 1945, also
with a warranty deed recorded in the appropriate government office. The Barretts
attempted to sell their property and a dispute arose regarding the boundaries of the
property. The property in dispute consisted of 34.28 acres in a heavily wooded area behind
the residences. The disputed property was on the McGregor's side of the fence, but the
Barretts argued that the deeds clearly outline the disputed property as part of their land.
To trace their ownership, the Barretts produced the 1945 deed which described the land in
great detail, using metes and bounds, and clearly included the 34.28 acres. The Barretts
also produced the 1973 deed which Included a general description using the words, "the
tract described in the 1945 deed from Nunn to Prescott." In other words, in the 1973 Deed's
general description, the Prescott family claimed to convey their entire parcel obtained
through the 1945 Deed, including the 34.28 acres in dispute. In contrast, the 1973 Deed's
metes-and-bounds description did not contain the 34.28 acres. Instead, the 34.28 acres were
directly next to the property described by the metes and bounds in the 1973 deed. Who
owned the property?
There are four types of deeds: a _____________________ deed, which provides the most
protection for a buyer; a ____________________ ___________________ deed , which limits
the grantor's promises to the grantee; a ________________________ deed, which does not
necessarily convey full title, but conveys whatever interest the grantor has in the property
Correct Answers
The Barretts and the McGregors are adjacent property owners. There is a fence, built in
the late 1940's, separating their properties. The Barretts bought their property in 1973
from the Prescott family with a warranty deed recorded in the appropriate government
office. The Prescott family had purchased the property from the Nunn family in 1945, also
with a warranty deed recorded in the appropriate government office. The Barretts
attempted to sell their property and a dispute arose regarding the boundaries of the
property. The property in dispute consisted of 34.28 acres in a heavily wooded area behind
the residences. The disputed property was on the McGregor's side of the fence, but the
Barretts argued that the deeds clearly outline the disputed property as part of their land.
To trace their ownership, the Barretts produced the 1945 deed which described the land in
great detail, using metes and bounds, and clearly included the 34.28 acres. The Barretts
also produced the 1973 deed which Included a general description using the words, "the
tract described in the 1945 deed from Nunn to Prescott." In other words, in the 1973 Deed's
general description, the Prescott family claimed to convey their entire parcel obtained
through the 1945 Deed, including the 34.28 acres in dispute. In contrast, the 1973 Deed's
metes-and-bounds description did not contain the 34.28 acres. Instead, the 34.28 acres were
directly next to the property described by the metes and bounds in the 1973 deed. Who
owned the property?
The Barretts claim the property belonged to them because of a legal transfer through the
______________.
,Deed
The Barretts and the McGregors are adjacent property owners. There is a fence, built in
the late 1940's, separating their properties. The Barretts bought their property in 1973
from the Prescott family with a warranty deed recorded in the appropriate government
office. The Prescott family had purchased the property from the Nunn family in 1945, also
with a warranty deed recorded in the appropriate government office. The Barretts
attempted to sell their property and a dispute arose regarding the boundaries of the
property. The property in dispute consisted of 34.28 acres in a heavily wooded area behind
the residences. The disputed property was on the McGregor's side of the fence, but the
Barretts argued that the deeds clearly outline the disputed property as part of their land.
To trace their ownership, the Barretts produced the 1945 deed which described the land in
great detail, using metes and bounds, and clearly included the 34.28 acres. The Barretts
also produced the 1973 deed which Included a general description using the words, "the
tract described in the 1945 deed from Nunn to Prescott." In other words, in the 1973 Deed's
general description, the Prescott family claimed to convey their entire parcel obtained
through the 1945 Deed, including the 34.28 acres in dispute. In contrast, the 1973 Deed's
metes-and-bounds description did not contain the 34.28 acres. Instead, the 34.28 acres were
directly next to the property described by the metes and bounds in the 1973 deed. Who
owned the property?
A deed transfers ________________ to ___________ property.
Title, real
, The Barretts and the McGregors are adjacent property owners. There is a fence, built in
the late 1940's, separating their properties. The Barretts bought their property in 1973
from the Prescott family with a warranty deed recorded in the appropriate government
office. The Prescott family had purchased the property from the Nunn family in 1945, also
with a warranty deed recorded in the appropriate government office. The Barretts
attempted to sell their property and a dispute arose regarding the boundaries of the
property. The property in dispute consisted of 34.28 acres in a heavily wooded area behind
the residences. The disputed property was on the McGregor's side of the fence, but the
Barretts argued that the deeds clearly outline the disputed property as part of their land.
To trace their ownership, the Barretts produced the 1945 deed which described the land in
great detail, using metes and bounds, and clearly included the 34.28 acres. The Barretts
also produced the 1973 deed which Included a general description using the words, "the
tract described in the 1945 deed from Nunn to Prescott." In other words, in the 1973 Deed's
general description, the Prescott family claimed to convey their entire parcel obtained
through the 1945 Deed, including the 34.28 acres in dispute. In contrast, the 1973 Deed's
metes-and-bounds description did not contain the 34.28 acres. Instead, the 34.28 acres were
directly next to the property described by the metes and bounds in the 1973 deed. Who
owned the property?
There are four types of deeds: a _____________________ deed, which provides the most
protection for a buyer; a ____________________ ___________________ deed , which limits
the grantor's promises to the grantee; a ________________________ deed, which does not
necessarily convey full title, but conveys whatever interest the grantor has in the property
