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11Alexandr11 [23.1K]
2 years ago
12

Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives

Manhattan a deed that conveys only whatever interest Northeast has in the strip. This deed is
Business
1 answer:
soldier1979 [14.2K]2 years ago
5 0

"Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip..." this is a quitclaim deed. This is further explained below.

<h3>What is a deed?</h3>

Generally, the deed is simply defined as Legal documents that are signed and delivered, particularly those that deal with property or legal rights.

In conclusion, When a company pays another company to relinquish a claim to a strip mine, it is executing a quitclaim deed.

Read more about deed

brainly.com/question/17214313

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