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Collateral Warranty

Law Library - American Law and Legal InformationFree Legal Encyclopedia: Coagulation to Companies House

In real estate transactions, an assurance or guaranty of title made by the holder of the title to the person to whom the property is conveyed.

Such a WARRANTY is not the same as a COVENANT running with the land, since it runs only to a particular convenantee who accepts the land from the holder of title and not to each successive owner of the land upon taking ownership of it.

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