Question

Which part of a traditional deed contains warranties?

A. premises
B. habendum
C. testimonium
D. acknowledgement

Answer 1

The 'premises' part of a traditional deed contains warranties, which assure aspects like the grantor's right to convey the property and encumbrance status.

Step-by-step explanation:

The part of a traditional deed that contains warranties is known as the premises. This section of the deed includes the granting clause and also sets forth the extent of the warranties provided by the grantor. Warranties may include a promise that the grantor owns the property and has the right to convey it, there are no undisclosed encumbrances, and that the grantee will enjoy quiet possession of the property.

The habendum clause defines the ownership interest being transferred and any conditions or limitations. The testimonium is the concluding part of the deed where the parties sign, and the acknowledgement is a formal declaration before a public official, such as a notary, confirming the signing is voluntary.

Answer 2

In a traditional deed, warranties are typically contained in the premises section (A).

Step-by-step explanation:

The premises section of a deed is where the property details, including its description and any guarantees or promises made by the seller regarding the property, are outlined. Warranties in this context refer to assurances provided by the seller about the property's condition, ownership, or any other relevant factors. These warranties aim to protect the buyer from undisclosed issues or liabilities associated with the property. They might include guarantees of clear title, absence of liens, or the property being free from certain encumbrances.

The habendum clause outlines the interest or estate being granted, while the testimonium is the formal witnessing and execution section of the deed. The acknowledgment typically involves the formal verification of the signer's identity.

Ultimately, the warranties crucially reside within the premises section of a traditional deed, serving as assurances regarding the property's condition and ownership.

Correct Answer: A. premises