Answer :
The correct answer is B) Before acceptance of the deed.
Explanation:
The deed is a legal document that ratifies the ownership of a property; in this way, the document is used in the process of buying a property to show the buyer is the new owner. Besides this, once the deed is accepted and signed the property does not belong to the original owner, and therefore, she/he has not any responsibility related to the title. This means after the deed the buyer cannot object any defects in the title. Thus, any objections or new conditions in the process of buying the property should occur before acceptance of the deed.
A property buyer should object to any defects in the title of the property before the acceptance of deed leading to a contract. So, the correct option that matches with the above statement is B.
After the deed for such property has been accepted by both the parties the contract becomes valid from such date of acceptance. If any defect is to be objected, it would not bring into the seller's liability.
- A contract becomes valid after it is accepted by both the parties to a contract and if there is any objection made after such acceptance it will not be void ab initio to the conditions of contract.
- The liability of the title of the property becomes transferrable in the hands of the buyer of the goods as soon as the conditions of the deed are fulfilled.
- The acceptance of the deed will be assumed by the seller to the defects been accepted by the buyer as it is the duty of the buyer to check all the factors of the property.
Hence, the correct statement is B that the defects to the title of the property shall be able to be objected by the buyer only before the acceptance of such property.
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