Legal Definition and Related Resources of Warranty deed
Meaning of Warranty deed
One which contains covenants of warranty.
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This definition of Warranty Deed is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Warranty Deed in the United States
Warranty Deed in Connecticut
Warranty Deed: A warranty is an assurance by one party to a contract of the existence of a fact upon which the other party may rely. It is intended precisely to relieve the promisee of any duty to ascertain the fact for himself; it amounts to a promise to indemnify the promisee for anyloss (more in the United States here)if the fact warranted proves untrue, for obviously the promisor cannot control what is already in the past. Denholm Shipping Co. v. W.E. Hedger Co., supra, 47 F.2d 213, 214; The Fred Smartley Jr., 4 Cir., 108 F.2d 603, 606; The Soerstad, D.C., 257 F. 130. To argue that the promisee is responsible for failing independently to confirm it, is utterly to misconceive its office. The Coal Company was therefore quite right in loading the barge as it did; that is precisely what Howard intended that it should do, and now that he is called upon to indemnify his shipper because what he said has turned out to be untrue, he must respond. Metropolitan Coal Co. v. HOWARD, 155 F.2d 780 (2nd Cir. 1946).
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Concept of Warranty Deed in the context of Real Property
A short definition of Warranty Deed: A deed used in many states to convey fee title to real property. Until the widespread use of title insurance, the warranties by the grantor were very important to the grantee. When title insurance is purchased, the warranties become less important as a practical means of recovery by the grantee for defective title.
Concept of Warranty Deed in the context of Real Property
A short definition of Warranty Deed: A deed used in many states to convey fee title to real property. Until the widespread use of title insurance, the warranties by the grantor were very important to the grantee. When title insurance is purchased, the warranties become less important as a practical means of recovery by the grantee for defective title.
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