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Joe owned a five-acre tract of land in fee simple. In desperate need of money, Joe prepared a deed purporting to convey the realty in
Joe owned a five-acre tract of land in fee simple. In desperate need of money, Joe prepared a deed purporting to convey the realty in fee simple to Jack, a real estate investor. For a cash payment of $500 that the real estate investor paid him on the spot, Joe signed the deed and handed it to the real estate investor saying, "You own it now." A statute in the jurisdiction provides that no document purporting to convey any interest in real property shall be recorded unless it is in writing; clearly identifies the grantor, the grantee, and the interest conveyed; and is signed and acknowledged by the grantor. The real estate investor subsequently instituted a proceeding to eject Joe from the land. Joe defended by asserting that he held a fee simple in the land and was therefore entitled to possess it. Which of the following arguments would most effectively support Joe's assertion? Question 29Select one: a. The deed was unrecordable. b. The deed failed to identify the grantee c. $500 was inadequate consideration d. Joe acted under economic duress in selling the land to the real estate investor
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