A clause in a mortgage loan contract requiring the borrower to purchase homeowner's insurance is an example of a
A) proscriptive covenant.
B) prescriptive covenant.
C) restrictive covenant.
D) constraint-imposed covenant.
Answer: C
A clause in a mortgage loan contract requiring the borrower to purchase homeowner's insurance is an example of a
A) proscriptive covenant.
B) prescriptive covenant.
C) restrictive covenant.
D) constraint-imposed covenant.
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