As part of his lease agreement with his landlord, Alex mows the grass around his apartment building each week in return for a small reduction in rent. What is this an example of

Respuesta :

By mowing his lawn for a reduction in the rent that he has to pay the landlord, this is an example of a covenant.

What is a covenant in business?

In the business world, this is a term that is used to refer to a promise that has to do with a formal debt agreement.

The agreement is usually specified that certain activities would be carried out that would be on the threshold of the agreement.

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