Because a Tenancy Is Primarily Contractual and So Does Not

question 64

True/False

Because a tenancy is primarily contractual and so does not "run with the land," it will not bind a purchaser of a building.

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Definitions:

Pigouvian Subsidy

A financial incentive given by a government to encourage activities that have positive externalities or beneficial effects on society that are not fully compensated in the market.

Marginal Social Benefit

The supplementary benefit to the community achieved by consuming or producing an extra unit of a good or service.

Computer Chips

Small electronic components that perform various computing functions within digital devices.

Technology Spillover

It refers to the situation where innovations and improvements made by one company or country benefit others beyond the original inventor or innovator.