Which of the Following Is True with Regard to Real

question 56

Multiple Choice

Which of the following is true with regard to real property law?

• A) An easement acquired by prescription must be restrictive in nature to be binding on subsequent purchasers of land.
• B) A profit a prendre is a type of restrictive covenant attaching to all the properties within a particular development plan.
• C) A true interest less than estate, whether properly registered or not, runs with the land and therefore is an exception to the privity of contract rule.
• D) A contract for land in which a person sells the property with a restriction that the new owner not sell to any person of a certain race cannot be challenged by the courts because it is a restrictive covenant that runs with the land.
• E) The essential characteristic of an estate in land is that the owner of the estate, whether it is a fee simple, life estate, or leasehold, has exclusive possession.

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Definitions:

Check Register

A check register is a record book used to track checks written, deposits made, and the current balance of a checking account.

Closed Account

A bank or credit account that has been terminated, either by the customer or the financial institution, often due to inactivity or zero balance.

Bank Statement

A document issued by a bank detailing all transactions in a customer's account over a specified period.

Check Register

A record maintained by account holders to track their checks, deposits, and current balance.