Question: A binding obligation that goes with property when it is transferred to a new owner, who must abide by the obligation, is called a: a

A binding obligation that goes with property when it is transferred to a new owner, who must abide by the obligation, is called a:
a. mortgage
b. covenant
c. possessory
d. none of the other choices are correct
e. lien
 A binding obligation that goes with property when it is transferred

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!