Contracts, Transfer, and Escrow Practice Question
Question
A buyer and seller disagree about a transaction term involving quitclaim deed. Which statement is the most accurate exam answer? (Item 75)
Answer choices
- A. It is controlled only by local custom rather than by law, contract, or professional duty.
- B. It is valid only when the buyer pays cash and no lender is involved.
- C. Recognize transfer of whatever interest the grantor has without warranties.
- D. It prevents any later disclosure, even when new facts become known.
Correct Answer
C. Recognize transfer of whatever interest the grantor has without warranties.
Explanation
The correct answer is C because quitclaim deed requires candidates to recognize transfer of whatever interest the grantor has without warranties. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: medium
- Domain: Contracts, Transfer, and Escrow
- Objective: quitclaim deed