A Promise That the Grantor of an Interest in Land

question 17

Multiple Choice

A promise that the grantor of an interest in land will execute any additional documents required to perfect the title of the grantee is known as a covenant:

• A) of seisin.
• B) of further assurances.
• C) against encumbrances.
• D) of quiet enjoyment.

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Definitions:

Utility

A measure of satisfaction, usefulness or value that a consumer receives from any good or service.

Utility

In economics, the total satisfaction received from consuming a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay.

Marginal Utility

The extra pleasure or benefit a customer receives from purchasing an additional unit of a product or service.