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RE: [Czechlist] Title guarantee

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  • Rubková
    Thanks Melvyn and Michael for your contribution. Finally I used Michael s explanation. Sarka ... From: Michael Trittipo [mailto:tritt002@tc.umn.edu] Sent:
    Message 1 of 4 , Feb 27, 2003
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      Thanks Melvyn and Michael for your contribution. Finally I used Michael's
      explanation.

      Sarka

      -----Original Message-----
      From: Michael Trittipo [mailto:tritt002@...]
      Sent: Saturday, February 22, 2003 4:51 AM
      To: rubkova@...
      Subject: Re: [Czechlist] Title guarantee


      rlc> "The company is focused on issuance of title quarantee."

      More context would help, but from the facts that (1) it's about a
      *company* whose (2) business is routinely (indeed, is primarily and
      thus (3) often) "issuance" of title guarantee, and that (4) it's not
      about a single seller giving a *warranty* of good title, I'd wonder
      whether this isn't about an insurance company, and what this company
      issues is insurance against title defects. It doesn't really guarantee
      that title is good; it promises to pay money in case of a claim. Of
      course, I'd more often expect to see "issuance of title insurance" in
      such a case, but that's why I suggest a bit of context would help.
      Companies do sell real estate from time to time, and typically give,
      as most sellers do, some kind of warranties about their title
      (although not always), but no one would say that their business is
      focused on the giving of those warranties: it would be, rather,
      focused on the selling of the land. The mention of *issuance* of
      guarantees as a business sounds more like insurance; and indeed the
      word "issuance" itself calls insurance to mind. One would generally
      make or give a warranty or guarantee, not issue one. Do you have a
      company name or any other description of its business?

      Mind, I'm speaking AE; can't say about BE legalese & close.


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