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Author Question: After all the debtor's creditors are paid, the debtor must attend a second mandatory debtor ... (Read 151 times)

jenna1

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on: Aug 3, 2018
After all the debtor's creditors are paid, the debtor must attend a second mandatory debtor education course before receiving a discharge.
 
  Indicate whether the statement is true or false

Question 2

What is the difference between a general warranty deed, a special warranty deed, and a quit claim deed?
 
  What will be an ideal response?


lindahyatt42

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Reply #1 on: Aug 3, 2018
Answer to Question 1

TRUE

Answer to Question 2

A general warranty deed gives the highest level of assurance to a buyer. The grantor warrants that the property is being conveyed without reservations and is free and clear of any debts and encumbrances. A special warranty deed gives the grantee a limited warranty which extends to the grantor's interest only. There is no assurance with respect to previous owners in the chain of title. In a quit claim deed, the grantor makes no assurances concerning the quality and content of title. These deeds are often used in decedent's estates where the rights of beneficiaries have not been clearly identified and represent a cloud on the title.


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