« previous next »

Author Question: After all the debtor's creditors are paid, the debtor must attend a second mandatory debtor ... (Read 147 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
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

  • Sr. Member
  • ****
  • Posts: 322
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Time spent on, paid work and housework, by living arrangements of Canadian Time spent on, paid work and housework, by living arrangements of Canadian
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Introduction to Genetics

For a complete list of videos, visit our video library