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Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921 Exercise 8
Goodell was injured while doing carpentry work for Cathell Custom Homes. Rosetti was the developer of the property. For the purpose of securing financing for construction costs, Cathell would execute a deed for a particular lot to Rosetti, which would be held in escrow until the actual sale of the property to the buyer. Goodell sued Rosetti as record owner of the property. Rosetti claimed that as there was no intention actually to transfer ownership of the land, he did not own the property. Was the deed effective to transfer title to Rosetti?
Explanation
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No , because the deed was created just t...
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
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