Property OwnershipAdvancedNorth Carolina Exam
Which type of deed provides the buyer with the LEAST protection?
AGeneral warranty deed
BSpecial warranty deed
CBargain and sale deed
DQuitclaim deedCorrect
Why Quitclaim deed Is Correct
Answer D: Quitclaim deed
A quitclaim deed conveys whatever interest the grantor has (if any) with no warranties of title whatsoever. It provides the buyer with the least protection.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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