The book American Commercial Law Series volume 4 was written by author Alfred William Bays Here you can read free online of American Commercial Law Series volume 4 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is American Commercial Law Series volume 4 a good or bad book?
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So when several tenants in AMERICAN COMMERCIAL LAW. 149 common desire to convey to one of their number a quit- claim deed may be used. A quitclaim deed is as effectual to pass a legal title as a warranty deed but no warranties are contained in it and the grantor merely parts with what, if anything, he has, without warranting that he has any interest whatever. (3) Other deeds. Trust deeds and mortgages we have already considered. Leases are deeds by which tenancies are created and we have alread...y considered them. A release deed is a deed whereby one who has an in- terest in property under some other deed, releases it. It is used by a mortgagee to release title to the mortgagor and by a trustee to release title obtained by him under the trust deed. The release deed always refers to the deed by which the title which is now released was obtained. Thus a trustee when the debt is paid releases whatever interest he may have by virtue of the trust deed, describing it by date and record number.
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