The Covenant Whereby the Grantor Guarantees That There Are No

question 15

Multiple Choice

The covenant whereby the grantor guarantees that there are no tax liens, mortgages or assessments, except as stated in the deed, is called the covenant

• A) of seizen.
• B) of quiet enjoyment.
• C) against encumbrances.
• D) of further assurance.

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Definitions:

Price Charged

The amount of money demanded by a seller for a product or service.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogenous products, and free entry and exit, leading to efficient pricing and output levels.

Organic

Pertaining to or derived from living organisms, in food production referring to practices that do not use synthetic pesticides or fertilizers.

Profit

The profit achieved when the revenue generated from a business operation surpasses the expenses, costs, and taxes needed to maintain the operation.