A Restrictive Covenant May No Longer Be Valid If the Circumstances

question 73

True/False

A restrictive covenant may no longer be valid if the circumstances surrounding the need for the covenant drastically change.

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Definitions:

Tax

A financial charge or levy imposed by a government on individuals or entities to fund public expenditure.

Excise Tax

A tax imposed on specific goods or services, such as tobacco, alcohol, and gasoline, typically intended to discourage their consumption or generate revenue.

Fried Twinkies

A dessert made by deep-frying a Twinkie, often resulting in a crispy exterior and soft, warm interior.

Consumers

Individuals or groups who purchase goods or services for personal use and not for manufacturing or resale.