Which of the following is NOT a type of deed?

Which of the following is NOT a type of deed?

• A. Quitclaim deed
• B. Liability deed
• C. General warranty deed
• D. Special warranty deed

Answer: (B)

The correct answer is "liability deed," as it is not a recognized type of deed in real estate transactions. In real estate, different types of deeds serve specific purposes in the transfer of property rights and include various levels of warranties and protections for the grantee. A quitclaim deed transfers whatever interest the grantor may have in the property without any warranties or guarantees. This means that if there are any claims against the title, the grantee accepts them without recourse. A general warranty deed offers the highest level of protection for the grantee, ensuring that the title is clear of any claims or encumbrances, both during the time the grantor owned the property and before. A special warranty deed, while similar to a general warranty deed, only guarantees the title against claims that arose during the grantor's period of ownership, not before. In contrast, the term "liability deed" does not exist in the context of real estate and does not fit into the framework of property transfers.

The correct answer is "liability deed," as it is not a recognized type of deed in real estate transactions. In real estate, different types of deeds serve specific purposes in the transfer of property rights and include various levels of warranties and protections for the grantee.

A quitclaim deed transfers whatever interest the grantor may have in the property without any warranties or guarantees. This means that if there are any claims against the title, the grantee accepts them without recourse.

A general warranty deed offers the highest level of protection for the grantee, ensuring that the title is clear of any claims or encumbrances, both during the time the grantor owned the property and before.

A special warranty deed, while similar to a general warranty deed, only guarantees the title against claims that arose during the grantor's period of ownership, not before.

In contrast, the term "liability deed" does not exist in the context of real estate and does not fit into the framework of property transfers.