Sloan operated ChoCo, a gourmet chocolate factory.

When the business doubled and then tripled in size, Sloan wanted to expand ChoCo’s facilities. To accomplish the expansion, Sloan needed to buy fifty feet of the adjacent property, which was owned by Corporate Park Holdings, Inc. Sloan made an offer to which Corporate Park agreed, and the parties arranged to exchange Sloan’s payment for a deed to the fifty feet.

Would a buyer of real property prefer a warranty deed or a quitclaim deed, and why? A buyer would most likely prefer a ______________ deed. Different types of deeds provide different degrees of protection against defects of title. A ______________ deed contains the most covenants, or promises, of title and thus provides the greatest protection for the owner. These promises include the covenant of quiet enjoyment, which guarantees that the owner will not be disturbed in their possession of the land by any other persons. Generally, the deed must state a promise to protect the owner against all others’ claims of ownership of the property. A ______________ deed offers the least amount of protection against defects in title. A ______________ deed conveys only whatever interest the grantor had in the property. If the grantor had no interest, no interest is conveyed.