To Place a Restriction on the Use of Land by Future

question 48

Multiple Choice

To place a restriction on the use of land by future owners, it is necessary to:

• A) Record an easement on the title.
• B) Execute a memorial as part of the chain of title.
• C) Record a restrictive covenant as an encumbrance on the title.
• D) Register a caveat against the title.

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Definitions:

Raw Materials Inventory Turnover

A ratio showing how many times a company’s raw materials inventory is used and replenished over a specific period.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating efficiency in sales and inventory management.

Compute

To calculate or process using a computer or mathematical operations.

Just-In-Time Manufacturing

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, producing goods only as needed.