Valid Restrictive Covenants Will Bind Future Owners of the Land

question 40

Multiple Choice

Valid restrictive covenants will bind future owners of the land if:

• A) they are published in the Federal Register.
• B) there is a notation in the deed referencing the restrictive covenants.
• C) they are published in a newspaper of general circulation.
• D) they are filed with the attorney general of the state in which the land is located.

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Definitions:

Held

When securities are retained in an investment portfolio without being sold.

Financial Engineering

Creating and designing securities with custom-tailored characteristics.

Securities

Securities are financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Portfolios

A portfolio containing various types of financial investments, including stocks, bonds, commodities, cash, cash equivalents, mutual funds, and ETFs.