Articoli correlati a Higher accountancy, principles and practice Volume...
Sinossi
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 Excerpt: ...The statement of the consideration is also properly classed with the recitals. The making of recitals in a deed must be done with care, because the parties are not permitted to deny the truth of the recitals. A qualification of this may be stated with respect to thfe recital of the consideration. Neither of the parties can deny that some consideration passed, but they are not bound by the particular figures mentioned as the consideration in the deed. 3. Words of conveyance: These include (a) the description of the property granted; (b) the words which indicate what es-tate is created; (c) the covenants for title; (d) the release of the wife's dower or husband's curtesy (the interest of the husband in his wife's lands, which corresponds to her dower interest in his lands see § 64, below); (e) the release of statutory exemptions; (f) the witnessing clause, signature, and seal; and (g) the acknowledgment. §4. Description of property granted. Competent conveyancers spare no pains to see that the description of the property conveyed is without ambiguity or uncertainty. It is often compared and re-compared with a known correct description in an abstract of title, or with a surveyor's description and plat. The reason for this is obvious. If the description is defective, the whole conveyance fails. No other part of the instrument is so vitally important. But even if the description is not wholly bad, the conveyancer is blameworthy who allows any question of construction or ambiguity to arise in respect thereto. §4a. Same: Some rules of construction. If the premises conveyed are described by lots and blocks in regularly laid out and platted subdivisions, the description is according to the monuments of the subdivision duly noted on the plat, and in th...
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