What kind of deed did Lois give Mark if it contains no express or implied warranty?

Prepare for the National Salesperson Exam with multiple choice questions, each offering explanations and hints. Hone your skills and get ready to succeed on the test!

A quitclaim deed is the correct choice because it is a type of deed that conveys the grantor's interest in the property without any warranties or guarantees regarding the title. This means that the grantor does not guarantee that they own the property outright or that it is free from any liens or encumbrances. As a result, the buyer (in this case, Mark) receives whatever interest the seller (Lois) may have, which may be none at all.

In contrast, a general warranty deed provides comprehensive guarantees from the grantor regarding the title, including an assurance that they will defend the title against any claims. A special warranty deed offers similar assurances, but only for the time the grantor owned the property, without covering any issues that may have arisen from prior owners. A bargain and sale deed implies that the grantor has an interest in the property, but it also carries no warranties in terms of the title, although it is still a stronger conveyance than a quitclaim deed. Therefore, the absence of any express or implied warranty points directly to the quitclaim deed as the correct answer.

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