Which of the Following Is Not One of the Factors

question 12

Multiple Choice

Which of the following is not one of the factors that goes into Lord Oliver's test to determine whether a covenant touches and concerns the land in Swift Investments v. Combined English Stores?

• A) A covenant will not touch and concern the land if compliance with it requires specialist knowledge
• B) A covenant will touch and concern the land if it could bind any owner, rather than the particular original owner
• C) A covenant will touch and concern the land if it affects the mode or user, or value of the land
• D) A covenant will not touch and concern the land if it expressed to be personal

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Definitions:

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good varies as the quantity of the good produced changes.

Average Fixed Cost Curve

A graphical representation showing the average fixed cost per unit of output, which decreases as production increases due to spreading fixed costs over more units.

Total Variable Cost Curve

A graphical representation depicting how the total variable costs of producing a good changes with the level of output.

Marginal Cost

The cost of producing one additional unit of a good or service, crucial for decision-making in production and pricing strategies.