22:35
damn im so hungry all i had today was a curry tonkatsu and buldak
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LSDefine
Simple English definitions for legal terms
right-to-convey covenant
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A quick definition of right-to-convey covenant:
A covenant is a formal agreement or promise made between two parties. It can be an absolute covenant, which has no conditions, or a conditional covenant, which is qualified by a condition. There are different types of covenants, such as affirmative covenants that require a party to do something, and negative covenants that require a party to refrain from doing something. Covenants can be created by words of the parties or inferred from the whole agreement and the conduct of the parties. They can also be found in deeds and are often related to land ownership. A covenant can be breached if one party fails to fulfill their promise.A more thorough explanation:
Definition: A covenant in a warranty deed that states the grantor has the right to convey the property and has an estate of the quality and size that they purport to convey. This covenant is also known as the covenant of seisin.
Example: In a warranty deed, the grantor includes a right-to-convey covenant that promises the grantee that they have the right to convey the property and that the estate is of the quality and size that they purport to convey. For example, if a grantor sells a piece of land to a grantee, the grantor includes a right-to-convey covenant in the warranty deed to ensure that the grantee receives the property as promised.
Explanation: The right-to-convey covenant is a promise made by the grantor to the grantee that they have the right to convey the property and that the estate is of the quality and size that they purport to convey. This covenant is important because it ensures that the grantee receives the property as promised and that the grantor has the right to convey the property. The right-to-convey covenant is one of the covenants that are included in a warranty deed to protect the grantee's interest in the property.