Cut Title Warranty For Free

The Arizona warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.

An implied warranty is an assurance that a product is fit for its intended purpose and meets the buyer's expectations. These implied warranties can be written or oral. Implied warranties are governed by state laws, not federal laws. The two key types of implied warranties are merchantability and fitness.

Types of Implied Warranties Warranty of Merchantability: this is generally what we think of when it comes to an implied warranty. Warranty of merchantability is unspoken or unwritten and allows the buyer to reasonably assume that what they are buying is going to meet or fit their standards.

An implied warranty of merchantability is a type of warranty defined in U.C.C. § 2-314. U.C.C. § 2-314(1) states that, unless otherwise excluded or modified, a warranty that the goods are merchantable is implied in a contract for sale if the seller is a merchant of these sorts of goods.

The Warranty of Infringement, or Warranty Against Infringement, is a warranty provided by the seller of goods to the buyer that the goods being sold have not broken any copyright laws, are not patented by someone else, and have no intellectual property claims against them.

A warranty deed is a legal document used when a piece of real estate is sold and the ownership is transferred from the grantor (seller) to the grantee (buyer). The form usually includes a description of the property and discloses all known encumbrances like easements, outstanding liens or judgments.