Property Ownership
To be valid in Arkansas, a deed must contain all of the following EXCEPT:
AGrantor's name
BGrantee's name
CLegal description of the property
DPurchase price✓ Correct
Explanation
A valid deed requires the grantor's name, grantee's name, granting clause, legal description, and grantor's signature. The purchase price (consideration) need not be stated, and many deeds use nominal consideration such as 'one dollar and other valuable consideration.'
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