This topic contains a solution. Click here to go to the answer

Author Question: An express warranty is a statement of fact about the product that becomes part of the basis of the ... (Read 45 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
An express warranty is a statement of fact about the product that becomes part of the basis of the bargain.
  Indicate whether the statement is true or false

Question 2

Sam Johnson sold a oneacre parcel of land he owned (located near Lake Havasu) to Henry Thoreau. Johnson conveyed it to Thoreau by warranty deed. Henry Thoreau is, in all literary and legal senses, a bona fide purchaser. Later Ralph W. Emerson approached Johnson about the same property, and Johnson sold it to him. Ralph, like Henry, received a warranty deed from Johnson and is a bona fide purchaser. Neither Henry nor Ralph has recorded their deeds. Johnson still later sold the same property to Emily Dickinson who was told of it (independently) by Ralph and Henry. Ralph and Henry had also described to Emily their shrewd purchases of the land. Upon receipt of the warranty deed from Johnson, Emily records immediately at the Mohave County Recorder's office. a. In a race state, who has title to the land? Explain. b. In a notice state, who has title to the land? Explain. c. In a race/notice state, who has title to the land? Explain. d. What is the significance of Johnson giving a warranty deed in each transfer? Does he have any liability? e. Could Johnson have used another type of deed to avoid liability?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

TRUE

Answer to Question 2

a. Emily; first to record
b. Ralph; last bona fide purchaser

c. Either Ralph or Henry - one who records first

d. He guaranteed he would not defeat title and is liable to both

e. Quitclaim deed offers no warranty




leo leo

  • Member
  • Posts: 566
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

For a complete list of videos, visit our video library