Which of the Following Statements About Restrictive Covenants Are True

question 23

Multiple Choice

Which of the following statements about restrictive covenants are true?

• A)Restrictive covenants do not work in preventing incompatible uses of property.
• B)There are not enough restrictive covenants to cover all eventualities.
• C)Restrictive covenants can be used instead of zoning laws.
• D)Restrictive covenants fail to produce results similar to zoning.

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Definitions:

Defined Benefit Pension Plan

A retirement plan where the employer guarantees a specified pension payment at retirement based on the employee's earnings history, tenure of service, and age.

Postretirement Healthcare Benefits

Benefits that an employer provides to retirees for healthcare, excluding pension benefits.

Pensions

Retirement plans funded either by employers or governments, providing income to individuals upon retirement.

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, particularly in the United States.