Topic 10 - Restrictive Covenants Flashcards
1
Q
Define a positive covenant
A
Spending of monies
2
Q
Define a negative covenant
A
No spending of monies, can comply by doing nothing
3
Q
Define burden of a covenant for privity of contract
A
Duty to perform an obligation cannot be assigned
4
Q
Define burden of a positive covenant for privity of contract
A
Duty to perform an obligation cannot be assigned, it will be performed by a particular person
5
Q
Define benefit of a positive covenant for privity of contract
A
The benefit can be enforced only if its annexed to land