A Covenant That Passes with the Land So That Whoever

question 16

Multiple Choice

A covenant that passes with the land so that whoever owns the land is bound by or entitled to the benefit of the covenant

• A) is a covenant of seisin.
• B) is a covenant of further assurances.
• C) is a covenant of quiet enjoyment.
• D) is said to run with the land.

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Definitions:

Sole Proprietorship

Business ownership in which there is no legal distinction between the sole proprietor’s status as an individual and his or her status as a business owner.

Partnership

A legal business structure where two or more individuals agree to share the profits and losses of a business.

Corporation

Legal organization with assets and liabilities separate from those of its owner(s).

Franchise

A licensing agreement where a franchisor allows a franchisee to use its brand, products, and operating methods.