Final answer:
A warranty deed is a type of deed used in real estate transactions where the grantor makes certain promises to the grantee. One of the grantor's promises is the promise of title or ownership of the property.
Step-by-step explanation:
A warranty deed is a type of deed used in real estate transactions. In this context, the grantor, who is the seller of the property, makes certain promises to the grantee, who is the buyer. One of the grantor's promises inherent in a warranty deed is the promise of title or ownership of the property, stating that the grantor has the legal right to sell the property and that there are no other claims or encumbrances on the property.
For example, if John sells a house to Mary using a warranty deed, John is promising Mary that he is the rightful owner of the house and there are no liens, mortgages, or other claims on the property. If any such claims arise in the future, John will be responsible for resolving them.