Which of the Following Covenants Are Not Found in a Quitclaim

question 12

Multiple Choice

Which of the following covenants are not found in a quitclaim deed?

• A) covenant of seisin
• B) covenant against encumbrances
• C) covenant of quiet enjoyment
• D) all of the above

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Definitions:

Unearned Revenues

Revenue a company earns for products or services that have not yet been provided or completed.

Classified Balance Sheet

A balance sheet that organizes assets and liabilities into subcategories such as current and long-term.

Subgroups

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Accounting Cycle

the series of steps followed in the accounting process, from the initial recording of transactions to the preparation of financial statements.