Question

The primary purpose of a deed is to:

a. Provide constructive notice
b. Provide collateral for a mortgage
c. Convey title
d. Establish equitable title

Answer 1

The primary purpose of a deed is to convey title to a property. It is a legal document that transfers ownership of real estate.

Step-by-step explanation:

The primary purpose of a deed is to convey title to a property. A deed is a legal document that transfers ownership of real estate from one party to another. It provides evidence of ownership and protects the rights of the owner by establishing their title to the property.

For example, when a farmer sells their land to a builder, they would need to provide a deed to transfer the ownership of the property to the builder. The builder can then use the deed as evidence of their ownership when they want to erect commercial or residential properties on the land.