Property Ownership
A Texas property owner signs and delivers a deed to their brother as a gift. The deed is a valid transfer because Texas does NOT require:
AGrantor's signature
BLegal description
CMonetary consideration for a deed to be valid✓ Correct
DGrantee's name
Explanation
A deed in Texas does not require monetary consideration to be valid. A nominal consideration ('for $10 and other good and valuable consideration') is traditionally stated, or a deed of gift can state the gift consideration. What is required is that the deed be in writing, signed by the grantor, with a legal description, granting clause, and grantee's name.
Related Texas Property Ownership Questions
- Texas Property Code Chapter 5, Subchapter D, protects buyers in 'executory contracts' (contracts for deed, lease-purchase) by requiring sellers to provide:
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