Legal definition of grantee
NettetIn legal conveyancing, the grant is the means by which a party conveys title or encumbrance. In trust law, the grant is the act by which the settlor creates the trust for the interests of the trustee. In an option contract, the right of the optionee to exercise the option is considered a grant on the part of the optionor. Nettet24. nov. 2024 · Warranty: A warranty is a type of guarantee that a manufacturer or similar party makes regarding the condition of its product. It also refers to the terms and situations in which repairs or ...
Legal definition of grantee
Did you know?
NettetA grantee is a person who receives an interest in real property either by gift or by sale. The party who grants the grantee the property interest is known as the grantor. NettetGrantee Meaning. A grantee is the legal definition of someone who receives something from someone else. Often, it’s a title or property, but it can also be a business …
NettetLegal definition for GUARANTEE: contracts. He lo whom a guaranty is made. 2. The guarantee is entitled to receive payment, in the first place, from the debtor, and, … Nettet29. jan. 2024 · Grantee: The recipient of some type of property. In its most literal sense, a grantee is the recipient of a grant, a sum of money intended to fund a specific …
Nettet20. aug. 2024 · Definition of Guarantee. The guarantee is defined as the promise for the after-sales performance of the product or service. It expresses that the manufacturer has given promise regarding the … Nettet15. feb. 2024 · When you’re buying a piece of property, it’s important to understand the various terms you might encounter. “Grantor” and “grantee” are legal terms that …
Nettetgrant: [verb] to consent to carry out for a person : allow fulfillment of. to permit as a right, privilege, or favor.
Nettetguarantee: [verb] to undertake to answer for the debt, default, or miscarriage of. dry oil cleansingNettetGuarantee. A legal commitment to repay a debt if the original borrower fails to do so. A guarantee is not enforceable unless it is in writing or there is a memorandum or note of … dry oilcloth fabricNettet20. feb. 2024 · A guarantee pledges that something will be performed in a specified manner. It is an assurance that could be given in writing or verbally. A guarantee is defined as an agreement providing for... dry oil hairNettet15. feb. 2024 · “Grantor” and “grantee” are legal terms that respectively apply to the seller and buyer. In a rental agreement, the terms apply to the landlord and tenant. The relationship between grantor and... dry oil coolerNettet18. des. 2024 · What is a Guarantee? A guarantee is a legally binding agreement signed by a guarantor, on behalf of a borrower. It guarantees that, should the borrower trigger an event of defaultthat cannot be … dry oil free air compressorNettetguarantee. 1) v. to pledge or agree to be responsible for another's debt or contractual performance if that other person does not pay or perform. Usually, the party receiving … dry oil hair productsNettetLEGAL Disclaimer: This website is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on … command to wipe wash on cosh