SHORT ANSWER
1. Acme Land Company sold a lakefront lot to Sarah Farris. The date of the sale was July 30,
2013. Acme transferred the lot to Sarah by a limited warranty deed. The deed warranted that the
property was free of liens and encumbrances. Acme had owned the lot since March 10, 2007.
After the sale, when Sarah was seeking a mortgage loan to build a home on the lot, Sarah
discovered that the lot was encumbered by an easement for general public access to the lake.
The easement was created in April 2004 by a previous owner of the lot. The easement reduced
the size of the lot for building purposes and reduced its value. Can Sarah sue Acme for breach
of a deed warranty?
2. John, as grantor, signed a deed for some farmland to his best friend William, as grantee. John
did not give the deed to William but instead kept it with his private papers in his bank safety
deposit box. Does William own the farmland described in the deed? Explain your answer.
3. Naomi signed, delivered and recorded a deed to a vacation home, transferring the home to her
former college roommate Jill. A year after the deed was recorded, Naomi needed money and
asked Jill to give the home back to her. Jill agreed and she returned the original deed signed by
Naomi to her. Does Naomi now own the vacation home?