The covenant is against encumbrances.
<h3><u>
what is an encumbrance?</u></h3>
A claim made against a piece of property by someone who isn't the owner is called an encumbrance.
- Encumbrance may affect the property's ability to be transferred and limit its free use until the encumbrance is removed.
- Real estate is subject to the most prevalent kinds of encumbrances, such as mortgages, easements, and property tax liens.
The previous property owner failed to disclose to Li Meng that there was an easement across the property.
Learn more encumbrance with the help of the following link:
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This wouldn’t by chance have multiple choice options would it?
Answer:
A) $3,429
Explanation:
Bonus capital paid by the new shareholders will be distributed among the Old Partner on the basis of their old sharing ratio
Capital Balance of Peter = $38,000
Settlement amount = $20,000
As we does not have revised profit ratios, Peter and Chris will share profit on their old ratios.
Remaining balance of Gary's capital = $26,000 - $20,000 = $6,000
Peter Share = 4/7 x $6,000 = $3,429
Answer:
A <em>report card</em> is a common assessment document handed out to individuals that have finished a course or any kind of activity (not necessarily educational). It consists of evaluation statements that can be checked if positive. Also, it can come in the grade form, which is common for school.
Dog camp checklist report card
<u>Obedience skills</u>
Manages to complete tasks set by the camp counselor. Check
Attention is focused when group activities take place. Check
Does not show aggression towards counselors. Check
<u>Physical skills</u>
Shows enthusiasm and outgoing attitude towards physical activities. Check
Does not avoid physical activity when prompted. Check
Manages to persevere in intense activities. Check
<u>Social skills</u>
Keeps friendly contact with other dogs and counselors. Check
Participates in most group activities without resistance. Check
Training and learning new skills goes well. Check
Answer:
$ 164,450
Explanation:
Opening assets = $879,000
Opening liabilities = $ 749,500
Increase in Assets = $59,900
Increase in Liabilities = $24,950
Closing assets = Opening Assets + Increase in Assets
= $879,000 + $59,900
= $ 938,900
Closing Liabilities = Opening Liabilities + Increase in Liabilities
= $749,500 + $24,950
= $ 774,450
At the end of the current year,
Stockholder's Equity = Total Assets- Total Liabilities
= $ 938,900 - $ 774,450
= $ 164,450