Which of the following is a deed that transfers title with limited warranties?

Study for the BICSI OSP Design Test. Prepare using multiple choice questions, with hints and explanations to enhance understanding. Succeed in your exam journey!

Understand how title protection varies by deed. A bargain and sale deed is the instrument that transfers ownership while offering limited protections about the title. It shows the grantor possesses and can convey the property, but it does not provide broad assurances against title defects. In other words, you get the transfer of ownership with only modest or no warranties about the title’s condition, unlike a full warranty deed that promises against all defects.

This is different from a quitclaim deed, which carries no warranties at all and only transfers whatever interest the grantor has. A mortgage isn’t a title-transfer deed at all, it’s a security instrument. A grant or warranty deed provides comprehensive warranties about title, defending the grantee against claims and ensuring the title is clean.

So, the bargain and sale deed best fits the notion of transferring title with limited warranties.