If the Burden of a Restrictive Covenant Is Not Registered

question 17

True/False

if the burden of a restrictive covenant is not registered and a third party purchases an equitable interest in the land, the purchaser will be bound by the restrictive covenant.

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Definitions:

Ownership

The legal right to possess, use, and dispose of property, assets, or an entity.

Policy Toward Dividends

A company's stance or approach regarding if, when, and how much dividend to pay out to its shareholders.

Statement Of Changes In Equity

This financial statement illustrates how a company's equity has changed during a specific period due to transactions with owners, like dividends and investments.