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:

Ceiling Prices

are maximum legal prices set by authorities for particular goods or services to prevent them from becoming too expensive during shortages or high demand periods.

Rationing Function

The process by which scarce goods and services are distributed among competing users.

Price Ceiling

A legally established maximum price for a good, or service. Normally set at a price below the equilibrium price.

Legal Price

A price set by law or regulation, typically to prevent prices from being too high or too low in a market.