In the Context of an Easement or a Restrictive Covenant

question 71

True/False

In the context of an easement or a restrictive covenant, the servient tenement is the property that is beneficially served by the easement or restrictive covenant.

---

Definitions:

Actual Outputs

The real, measurable production or work results achieved by a company or an individual, often compared to planned or expected outputs.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for more accurate financial planning.

Variable Costs

Expenses that change in proportion to the activity of a business.

Fixed Overheads

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance costs.