Legal title transfers upon which event?

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Study for the Burk Baker National Test. Use flashcards and multiple choice questions with hints and explanations to prepare effectively. Get ready for your exam!

Multiple Choice

Legal title transfers upon which event?

Explanation:
Legal title passes only when the deed is delivered by the grantor and accepted by the grantee. The moment delivery occurs with the grantor’s intent to convey and the grantee accepts, ownership transfers, even if the deed hasn’t yet been recorded. Signing the contract is just an agreement to sell, not a transfer of title. The closing statement records financial details of the transaction and isn’t the instrument that transfers ownership. Recording with the county is about public notice and protecting rights, not the act that actually passes title.

Legal title passes only when the deed is delivered by the grantor and accepted by the grantee. The moment delivery occurs with the grantor’s intent to convey and the grantee accepts, ownership transfers, even if the deed hasn’t yet been recorded. Signing the contract is just an agreement to sell, not a transfer of title. The closing statement records financial details of the transaction and isn’t the instrument that transfers ownership. Recording with the county is about public notice and protecting rights, not the act that actually passes title.

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