What Is Required in Order to Place a Restriction on the Use

question 2

Multiple Choice

What is required in order to place a restriction on the use of land by future owners?

• A)Record an easement on the title.
• B)Execute a memorial as part of the chain of title.
• C)Record a restrictive covenant as an encumbrance on the title.
• D)Register a caveat against the title.

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Definitions:

Common Stock Split

A corporate action to divide its existing shares into multiple shares to boost the liquidity of the shares, though the market capitalization remains the same.

Stockholders' Equity

Stockholders' Equity is the residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest in a company.

Net Income

The total earnings or profit of a company after deducting all expenses, taxes, and losses from the total revenue.

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its shareholders as dividends.