If a Person Wanted to Build a Log Cabin in a New

question 118

Multiple Choice

If a person wanted to build a log cabin in a new subdivision what might prevent him from doing it?

• A) prescription
• B) easement
• C) restrictive covenant
• D) strata regulations
• E) federal statute

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Definitions:

Dividend Income

Income received from owning shares in a company, typically paid out from the company's profits to its shareholders at regular intervals.

Date of Record

The specific date on which a company determines its shareholders' eligibility to receive dividends or share distributions.

Resolution to Pay

A formal decision made by a company's board of directors to distribute funds, often as dividends, to shareholders.

Dividend Payment

A payout of part of a firm's profits, determined by its board of directors, and given to its stockholders.