What is a warranty of title?

A warranty of title is a contractual guarantee that a party conveying title or interest to property has the right to do so. This is important in contract law in Mississippi because it gives assurance to the buyer that the title or interest they are purchasing is legally valid and has no legal claims against it. In Mississippi, all real estate transactions must be accompanied by a warranty of title. This protects the buyer from potential claims or encumbrances that could later arise. A warranty of title may also be included in other types of contracts, such as contracts for the sale of goods, services, or equipment. A warranty of title is a promise from the seller to the buyer that they have good and marketable title to the property being sold. It also means that the buyer will not be held legally liable for any debts or obligations connected to the property. In Mississippi, the warranty of title is usually provided in a deed or document of conveyance. The warranty of title protects both the buyer and the seller of the property. It helps to ensure that the buyer has good and clear title to the property and that the seller does not have any legal claims on the property. This is especially important in Mississippi, where real estate transactions are legally binding and can involve large sums of money.

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