Which of the following is necessary to create an enforceable restriction on the use of land?

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Which of the following is necessary to create an enforceable restriction on the use of land?

A. A personal agreement between the parties
B. A recorded covenant which touches and concerns land
C. An intention that the covenant run with the land
D. Language binding the successors and assigns of the parties

Answer: B. A recorded covenant which touches and concerns land

Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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