Which of the Following Does the Covenant of Further Assurances

question 42

Multiple Choice

Which of the following does the covenant of further assurances promise?

• A) The owner has included all the required covenants in the deed.
• B) There are no easements on the property being conveyed.
• C) The grantor will provide the grantee with any additional documents that the grantee may require to perfect his or her title to the property.
• D) The grantee will grant an easement by necessity to the grantor if it is required for the grantor to access his or her property.

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Definitions:

Artificially High Amounts

Figures or values that have been inflated through accounting practices or activities that do not reflect the true economic value or performance.

Consolidated Financial Statements

Financial statements that aggregate the financial information of a parent company and its subsidiaries, presenting it as if the group were a single entity.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the total revenue generated from sales.

Voting Stock

Shares that give the shareholder the right to vote on company matters, such as electing directors or approving corporate policies.