unit 7 quiz business law 1a / unit 7: property and insurance 15. what critical document needed to complete a…

unit 7 quiz business law 1a / unit 7: property and insurance 15. what critical document needed to complete a transfer of property must include the following? - the name of the grantor (the seller) - the name of the grantee (the buyer) - a legal description of the property - the grantors notarized signature foreclosure asset deed fidelity bond bailment

unit 7 quiz business law 1a / unit 7: property and insurance 15. what critical document needed to complete a transfer of property must include the following? - the name of the grantor (the seller) - the name of the grantee (the buyer) - a legal description of the property - the grantors notarized signature foreclosure asset deed fidelity bond bailment

Answer

Brief Explanations:

A deed is a legal document used to transfer property. It requires the name of the grantor (seller), grantee (buyer), a legal property description, and the grantor's notarized signature. A foreclosure asset is related to defaulted loans, a fidelity - bond is for protection against employee dishonesty, and a bailment is about temporary possession transfer, none of which match the requirements for property transfer.

Answer:

B. deed