A Restrictive Covenant Stating That a House Cannot Be Sold

question 7

True/False

A restrictive covenant stating that a house cannot be sold to someone who is not of the Caucasian race will be upheld by the courts.

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Definitions:

Annual Fixed Costs

The total of all business expenses that are constant and do not change with the level of goods or services produced within a given time period, typically a year.

Cash Break-Even

The point at which a business generates just enough cash flow to cover its operating expenses, not accounting for any profitability.

Selling Price

The amount of money a buyer pays to purchase a product or service.

Variable Costs

Expenditures that fluctuate relative to the quantity of output or services provided by a business.