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The Astons Contracted with John King to Purchase Property from Him

Question 114

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The Astons contracted with John King to purchase property from him. John King then conveyed the purchase contract to King, Spaulding, and Reston, a law firm in which King had become a partner as a means of providing an initial investment into the firm, an LLC that was about to be formed. After the transaction closed with the Astons, the secretary of state rejected the LLC documents for some missing information. When the Astons learned that the grantor did not exist, they sought to have the transaction set aside as invalid. Offer your analysis of this situation.

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?A deed does require a grantor with capa...

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