Final answer:
The warranty of Seisin refers to the legal guarantee from the seller that they have the right to transfer ownership of the property to the buyer. So, the correct option is 1).
Step-by-step explanation:
The warranty of Seisin is a legal covenant in which the seller guarantees they have the actual legal rights to transfer title to a buyer. This warranty ensures that the seller is the rightful owner of the property, has the authority to sell it, and that no one else has a legitimate claim to it. This is to ensure the buyer is protected from any future ownership disputes.
It ensures that the seller has legal ownership of the property being sold and has the right to transfer that ownership to the buyer. This warranty guarantees that the buyer will receive clear and marketable title to the property, free from any claims or encumbrances.
It is one of the six covenants typically included in a General Warranty Deed, which serves to protect the buyer from any future challenges to the ownership of the property.