Which statement best describes the use of metes and bounds legal descriptions in Rhode Island?
Correct Answer
B) Metes and bounds are common in Rhode Island because, as an original colony, the state predates the federal rectangular survey system
Rhode Island, as one of the original thirteen colonies, was established before the federal government's rectangular survey system was created in 1785. As a result, metes and bounds descriptions — which use compass directions, distances, and physical monuments to define property boundaries — are the predominant form of legal description used in Rhode Island deeds and surveys.
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A deed is a written legal document that conveys (transfers) ownership of real property from one party to another. It must be delivered to and accepted by the grantee to be effective.
For a deed to be valid, it must contain several essential elements including a competent grantor, identifiable grantee, consideration, legal description, granting clause, signature of the grantor, and delivery and acceptance.
Escrow is an arrangement in which a neutral third party holds documents, funds, or other items on behalf of the buyer and seller until all conditions of the transaction are met.
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