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LSDefine

Simple English definitions for legal terms

transfer warranty

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A quick definition of transfer warranty:

A transfer warranty is a promise made by someone who is selling or transferring something to another person. It means that the seller promises that they have the right to sell or transfer the item, and that there are no problems or issues with it. If there are any problems, the seller will fix them or compensate the buyer. This type of warranty can apply to many things, like a car or a house. It is important to have a transfer warranty to protect both the buyer and the seller.

A more thorough explanation:

A transfer warranty is a type of warranty that is made by a seller or transferor of property to the buyer or transferee. It is a promise that the seller has the right to sell the property and that there are no liens or other encumbrances on the property beyond those that the buyer is aware of at the time of the sale.

For example, if John sells his car to Jane and gives her a transfer warranty, he is promising that he has the right to sell the car and that there are no liens or other encumbrances on the car beyond those that Jane is aware of at the time of the sale.

This type of warranty is important because it protects the buyer from any legal issues that may arise from the sale of the property. If the seller breaches the warranty, the buyer may be entitled to compensation or other remedies.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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