Only an Adjoining Landowner May Enforce a Restrictive Covenant on the Use

question 51

True/False

Only an adjoining landowner may enforce a restrictive covenant on the use of a neighbour's land.

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Definitions:

Monthly Loan Payment

The regular payment made to repay a loan, typically consisting of both principal and interest components, over a set period.

Bank

A financial institution licensed to receive deposits and make loans, and may offer various other financial services, such as wealth management, currency exchange, and safe deposit boxes.

Denial

The refusal to admit the truth or reality of something, often as a defense mechanism.

Perfection

The series of legal steps a secured party takes to protect its right in collateral from other creditors that want to have their debts returned through the same collateral.