Question

What does the covenant of warranty forever do?

a) Protects owner from having property taken.
b) Protects owners from claims again the title
c) Provides owner with financial protection, against tile claim
d) Allows owner to occupy property
e) A and C
f) B and D
g) B and C
h) All the above

Answer 1

The covenant of warranty forever is a legal term used in real estate transactions to provide owner with financial protection against claims against the title of the property.

Step-by-step explanation:

The covenant of warranty forever is a legal term often used in real estate transactions. It provides the owner with financial protection against claims against the title of the property. By agreeing to this covenant, the seller promises to defend the buyer's ownership of the property and compensate the buyer if the title is found to be invalid.

For example, if someone else claims ownership of the property and brings a lawsuit against the buyer, the seller who offered the covenant of warranty forever would be responsible for the legal defense and any resulting financial loss to the buyer.

In summary, the covenant of warranty forever provides financial protection to owners against title claims and ensures their right to own and occupy the property.