Asubdivision built in 1980 included covenants, conditions, and restrictions (cc& rs) in the deeds for all properties. one covenant bans "all outdoor structures designed for the storage of equipment or as habitations for any animals." in 2008, a resident built a tool shed and a doghouse. the neighbors took no action for six years, but in 2014 they want the shed and doghouse destroyed. do the neighbors have any recourse?

a. yes, they can go to court and sue for monetary damages for violating the covenant.
b. yes, they can go to court and be awarded injunctive relief.
c. no, under the doctrine of laches, the neighbors lost the right to enforce the restriction due to their delay in asserting it.
d. no, covenants such as this are usually considered to be unenforceable restrictions on the free transfer of property.

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2