Most Covenants Impose a Benefit on an Estate

question 211

True/False

Most covenants impose a benefit on an estate.

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Definitions:

Drawer-Drawee Relationship

The financial interaction where the drawer writes a check and the drawee bank or financial institution pays the amount.

Checking Account

A bank account that allows for easy access to funds through checks and electronic means for everyday transactions.

Creditor

An entity or person that lends money or extends credit to another party, expecting repayment in the future.

Deposit Agreement

A contract between a customer and a bank setting forth terms and conditions for deposit accounts.