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In 1841, the Conveyance by Release without Lease Act was passed, which made a "statutory release" sufficient in England for conveying freehold land without the need for an earlier lease by bargain and sale. [6] The release was finally replaced in England in 1845 by a simple "grant", called a conveyance. [7]
In Norman v Federal Commissioner of Taxation, [2] a taxpayer attempted to assign by deed, to his wife certain moneys which he was eventually going to receive. This included dividends and interest due on loans. The court held the interest and the dividends were expectancies or possibilities which could not be assigned without consideration. The ...
A deed is a legal document that ... a specialty is enforceable without consideration. [2] ... title is transferred to the borrower by recording a release of the ...
If the deed of reconveyance hasn’t been recorded, ... Without the reconveyance, you could have a harder time selling, because a buyer is going to want evidence that the title is free and clear.
A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically mentioned, "marketable title" may be specified, implying a warranty deed should be provided.
The effect of failure to record. This is usually stated: Deeds (etc.) that are not recorded are void as against purchasers for valuable consideration without knowledge of their existence. [1] The procedure for indexing instruments presented for recording. Grantor-grantee indices.