Establish Name Warranty For Free

Warranty Deed in New Mexico A warranty deed must be notarized and filed with the city or county records office of its location and delivered to the grantee at closing. All deed transfers of New Mexico property also require a Real Property Transfer Declaration Affidavit, detailing the sales transaction.

When you buy a TV and you have a written promise that it will be repaired for free if it breaks within the first year, this is an example of a warranty.

Types of Warranties. There are two general types of warranties, expressed and implied.

A New Mexico special warranty deed is a legal document used to convey real estate in New Mexico. The deed must include the name of the grantor and the grantee as well as a legal description of the property. The deed must be recorded with the county clerk's office in the county where the property is located.

The implied warranty of merchantability means the goods are merchantable and conform to a reasonable buyer's expectations. Most consumer products have an implied warranty of merchantability. This warranty makes the assumption that a good or product works for its intended purpose.

The Basic Concepts: A warranty is a legally binding commitment forming part of the sales contract which assures the buyer that the product or service is free from defects. A warranty often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the warranty.

A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.