A General Warranty Deed is characterized by the inclusion of all covenants of title, which assure the buyer that the seller holds clear title to the property and has the right to transfer ownership. These covenants typically include the covenant of seisin (the grantor owns the property), the covenant against encumbrances (the property is free from liens and easements except those disclosed), the covenant of quiet enjoyment (the buyer's possession will not be disturbed by claims of superior title), and the covenant of warranty (the grantor will defend against any claims to the title).
The other options are essential components in various contexts but do not define the characteristics of a General Warranty Deed. A specific statement of ownership may be included in the deed but isn't a defining feature. The presence of a witness signature is not a requirement for validity in many jurisdictions, including Michigan. A property description is crucial for identifying the property being transferred but does not encompass the protective features that the covenants of a General Warranty Deed provide. Thus, the all-encompassing nature of the covenants is what makes the first choice the correct answer.