Fundamentals of Surveying (FS) Practice Exam

Who is the grantee in a grant agreement?

1. The person to whom a grant is made

2. The person who makes the grant

3. A notary public

4. The mortgagor

The correct answer is: The person to whom a grant is made

In a grant agreement, the grantee is defined as the individual or entity to whom a grant is made. This person or organization receives the funds or property provided under the terms of the grant, typically for a specific purpose, such as funding a project, initiative, or research. The grantee is responsible for using the grant according to the specified guidelines and may need to report on the progress or outcomes of the funded activities. Understanding the roles within a grant agreement is crucial. The person who makes the grant, typically referred to as the grantor, provides the funding or transfer of assets to the grantee. Other terms like notary public and mortgagor pertain to different contexts: a notary public is involved in witnessing and authenticating documents, while a mortgagor is a borrower in a mortgage agreement who grants a lien on their property to secure a loan.