Covenants are promises contained in contracts, the breach of which would entitle a person to damages. Conditions, on the other hand, are contingencies, qualifications or occurrences upon which an estate or property right would be gained or lost.
Definition: The act of orally offering for sale items at an open outcry auction and taking bids on the items until they are sold or withdrawn. The auction "cry" is characteristically conducted in a rapid cadence in order to encourage bidding. The person who cries the auction may be the auctioneer, or he may be a professional auction crier employed by the auctioneer.
Also known as "calling the auction".
Terms, Definitions, and Concepts: Auction, Real Estate
Curtesy is the legal right or interest (estate) a husband acquires in property owned by his wife at any time during the marriage.
Dower and curtesy are legal life estates that are created upon the death of
a spouse who owned real estate. Dower is the life estate that a wife acquires
in the real property of her deceased husband, while curtesy is the estate a
husband holds in real property owned by his wife following her death. Dower
and curtesy entitle the surviving spouse to a portion (usually one-third to
one-half) of the interest in the real property owned by the deceased spouse,
even if that property was willed to someone else. Dower and curtesy are forms
of tenancy by the entirety, and are only used in states that practice that
system of common law. Tenancy by the entirety is contrasted with another
common law system used by other states, known as community property.
Note that in some states, curtesy refers to either a husband's or wife's interest in the property of the other.