21:15
Miami A, yall I'm so excited I could cry.
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LSDefine
Simple English definitions for legal terms
general warranty
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A quick definition of general warranty:
A general warranty is a promise made by someone who sells or transfers property to make sure that the person receiving the property has the right to own it and won't be kicked out by someone else. It's like a guarantee that the property is really theirs. There are different types of warranties, like ones that cover defects in products or promises that the seller has the right to sell what they're selling. Warranties can be written or spoken, and they're important because they help protect people from getting cheated or ripped off.A more thorough explanation:
A general warranty is a type of warranty that provides protection against the claims of all persons. It is a covenant made by the grantor in a deed to secure the estate conveyed in the deed and to compensate the grantee with other land if the grantee is evicted by someone having better title. The covenant is binding on the grantor's heirs.
- When John sold his house to Jane, he gave her a general warranty deed that promised to secure the estate conveyed in the deed and to compensate her with other land if she was evicted by someone having better title.
- When a car dealer sells a car with a general warranty, it means that the warranty covers the claims of all persons, not just the claims of the buyer.
These examples illustrate how a general warranty provides protection against the claims of all persons, not just the claims of the buyer or the grantee. It is a powerful type of warranty that can give the buyer or the grantee peace of mind knowing that they are protected against any claims that may arise in the future.