A _________ passes with the land so that whoever owns the land is bound by or entitled to the benefit of the covenant
A) covenant of seisin.
B) covenant of further assurances.
C) covenant of quiet enjoyment.
D)limited covenant.
D
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When the amount for a debit entry in a journal is transferred to a specific account in the general ledger, it must be recorded
a. as a debit to that account in the general ledger. b. as a credit to that account in the general ledger. c. in sum only, without any regard for debit or credit, since the general ledger accounts do not have spaces for debit and credit entries. d. cannot be determined without further information.
As a general rule, a company's debentures have higher required interest rates than its mortgage bonds because mortgage bonds are backed by specific assets while debentures are unsecured.
Answer the following statement true (T) or false (F)
Define outstanding stock
Direct physical contact, such as intentionally hitting someone with a fist, is considered battery.
Answer the following statement true (T) or false (F)