Property Deed Liability Explained
Summary
Elyse can recover $175,000 from Ichiro and Nasir. Ichiros general warranty deed guarantees clear title, while Nasirs special warranty deed covers his ownership period. Lexie has no liability due to the quitclaim deed, and Roy is not liable as the rightful owner.Full Conversation
so what is the answer
In this scenario, Elyse can recover from Ichiro under the general warranty deed. Here's a brief explanation:
- Ichiro: Elyse can recover from Ichiro because a general warranty deed guarantees clear title from all previous owners.
- Nasir: Limited liability with a special warranty deed (only covers during his ownership).
- Lexie: No liability (quitclaim deed offers no warranties).
- Roy: Not liable as the rightful owner.
Would you like more detailed information on any of these points?
Elyse can recover a total of $*,* from Ichiro and Nasir.
It looks like Elyse can potentially recover a total of $*,* from both Ichiro and Nasir. Here’s a summary of why:
- Ichiro: Elyse can recover from Ichiro because he provided a general warranty deed, which guarantees clear title.
- Nasir: Nasir has limited liability due to the special warranty deed, covering only his period of ownership.
Would you need more details on how general warranty deeds or special warranty deeds work?