261—General covenants to be implied in instruments
In every instrument charging, creating, or transferring any estate or interest
in land, there shall be implied the following covenant by the party charging,
creating, or transferring such estate or interest, with the party in whose
favour such estate or interest is charged or created, or to whom the same is
transferred, and his executors, administrators, and transferees, that is to
say—That he, the covenanting party, will do such acts and execute such
instruments as in accordance with the provisions of this Act may be necessary
to give effect to all covenants, conditions, and purposes expressly set forth
in such instrument, or by this Act declared to be implied against such party
in instruments of a like nature.