A buyer agrees not to sell alcoholic beverages on the property being acquired. This fact is noted in the deed granting buyer title to the property. The buyer has:
a. a cause of action against the seller for unlawful restraint of title.
b. taken fee simple defeasible title to the property.
c. acquired the property subject to a condition subsequent.
d. none of the above.
Answer: b. taken fee simple defeasible title to the property.
Business
You might also like to view...
A bank offers a loan that will requires you to pay 7% interest compounded monthly. Which of the following is closest to the EAR charged by the bank?
A) 5.78% B) 8.68% C) 7.23% D) 14.46%
Business
________ is the use of formal investigative techniques to evaluate digital information for judicial review
A) Computer forensics B) Flaming C) Hacktivism D) Certificate authority E) Encryption
Business