Question

"I do hereby convey to my nearest relative all my interest in the property called 123 Main Street, Bismarck, North Dakota, to have and to hold, in consideration of receipt of the amount of $10 and other good and valuable consideration." When signed, this document is

A) a valid conveyance by deed
B) an invalid conveyance by deed, because the property conveyed is inadequately described
C) an invalid conveyance by deed, because there is no recital of exceptions and reservations
D) an invalid conveyance by deed, because the grantee is inadequately identified

Answer 1

The document is a valid conveyance by deed because it clearly expresses the intent to transfer ownership of the property.

Step-by-step explanation:

The correct answer is A) a valid conveyance by deed.

A conveyance by deed is a legal document used to transfer ownership of real property from one party to another. In this case, the document clearly expresses the intent to convey the property at 123 Main Street, Bismarck, North Dakota to the grantee, who is the nearest relative of the grantor. The consideration of $10 and other good and valuable consideration is also mentioned, which further supports the validity of the conveyance. Therefore, this document is a valid conveyance by deed.