North Carolina Warranty Provisions

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US-ND0904
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This form provides boilerplate contract clauses that disclaim or limit warranties under the contract. Several different language options are included to suit individual needs and circumstances.

North Carolina Warranty Provisions: Understanding the Types and Key Terms In North Carolina, warranty provisions play a crucial role in protecting consumers and ensuring fair transactions between buyers and sellers. These provisions define the responsibilities and remedies available to customers when purchasing goods or services. Whether you're a consumer or a business owner, comprehending the various types of North Carolina warranty provisions is essential for making informed decisions and resolving potential disputes. 1. Express Warranty: An express warranty is voluntarily offered by either the manufacturer or the seller and is directly stated, either orally or in writing. This type of warranty entails specific promises regarding the product's quality, performance, durability, and any associated services or repairs. It is important to carefully review the terms and conditions of an express warranty before making a purchase. 2. Implied Warranty of Merchantability: Under North Carolina law, every sale of goods carries an implied warranty of merchantability, unless explicitly disclaimed. This warranty ensures that the purchased product is reasonably fit for its intended purpose and is of a quality typically expected from goods of that nature. It may cover issues related to safety, reliability, and functionality. 3. Implied Warranty of Fitness for a Particular Purpose: This implied warranty applies when a seller knows or has reason to know that the buyer is relying on their expertise or judgment to select a product suitable for a specific purpose. If the buyer explicitly communicates the intended purpose to the seller, and the seller confirms the product's compatibility, an implied warranty of fitness for that particular purpose is created. 4. Magnuson-Moss Warranty Act: The Magnuson-Moss Warranty Act is a federal law that governs the content and enforcement of consumer product warranties, including those in North Carolina. It provides additional protection to buyers by mandating comprehensive disclosure of warranty terms, preventing deceptive or unfair practices, and outlining clear procedures for dispute resolution. 5. Disclaimers and Limitations: Warranty provisions may include disclaimers and limitations to define the extent and duration of a warranty. Sellers often use disclaimers to limit their liability or exclude certain types of damages. However, North Carolina law imposes certain constraints on such disclaimers to prevent unconscionable acts and safeguard consumer rights. Understanding North Carolina warranty provisions is crucial for both consumers and businesses engaged in commerce. Consumers benefit from knowing their rights, holding vendors accountable, and seeking appropriate remedies in case of product defects. At the same time, businesses can ensure compliance with legal requirements, mitigate potential liabilities, and build positive customer relationships by providing transparent warranties that align with customer expectations. Whether you're purchasing goods or services in North Carolina, it is advisable to thoroughly review any warranty provisions relevant to your transaction. Reading the terms carefully, seeking clarification when needed, and consulting legal expertise, if necessary, can help avoid confusion and prevent disputes that may arise in the absence of clear warranty arrangements.

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Before a deed or deed of trust prepared in North Carolina may be recorded it must reflect the name of the draftsman on the first page. In addition to the ?Prepared by? or ?Drawn by,? the first page should also contain a ?Return to? name and address. The excise or revenue must also be reflected on the front of a deed.

The deed must contain, at minimum, an identification of the grantor and grantee, consideration (usually the amount of money paid) and a legal description of the real estate. It may refer to the real estate by lot number as shown on a recorded plat or by a lengthy metes and bounds description prepared by a surveyor.

A North Carolina warranty deed must meet North Carolina's deed requirements and include essential information to describe the transfer. Essential information includes the grantor's and grantee's names and addresses, a legal description of the property being transferred, and the name of the person who prepared the deed.

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

How to transfer property ownership Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.

A General Warranty Deed is a deed in which the party conveying the property (the ?Grantor?) warrants and guarantees to the party receiving the conveyance (the ?Grantee?) that the title to the property he is conveying is good and unencumbered as against all persons.

This special warranty deed is different than the general warranty deed in a major way. Here, the seller is only stating that they will protect the buyer from any title defects or claims arising during the seller's ownership, not from any point in time before the seller had ownership.

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Jul 21, 2017 — Use the street address and include the North Carolina County where the land is located. Additionally, look at the original deed to the land and ... May 12, 2023 — Need to create a deed to North Carolina real estate? Each of our deeds is attorney-designed to meet the requirements of North Carolina law.The North Carolina General Warranty must include the following information: 1. The name, address and telephone number of the warrantor; 2. The duration of the ... Apr 19, 2022 — How to Fill Out and File a Warranty Deed in North Carolina · 1. Fill In the Tax Information · 2. Enter Information About the Document's Recipient ... INTRODUCTION: These guidelines are provided to assist Brokers and attorneys who are completing the Offer to Purchase and Contract—. New Construction form on ... Jan 15, 2008 — Such insurance proceeds shall be applied in the order provided for in. Section 2. If Borrower abandons the Property, Lender may file, negotiate ... Protect yourself from Special and Limited Warranty Deeds. Also includes information on general warranty, limited warranty and non-warranty/quitclaim deeds. Enter in appropriate block for each party: name, address, and, if appropriate, character of entity, e.g. corporation or partnership. TO HAVE AND TO HOLD unto Grantee, together with all privileges and appurtenances thereunto belonging, in fee simple, subject to the Exceptions and Reservations ... Mar 3, 2023 — In North Carolina, there are three main types of deeds: (1) general warranty deed; (2) special warranty deed; and (3) quitclaim deed. Each of ...

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North Carolina Warranty Provisions