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Mary's tenancy is due to end on June 2,2013.On that date Mary does not leave the premises and pays the landlord rent for another month.The term certain tenancy is converted into a tenancy at sufferance.
Void
A term applied to a contract that is not valid because its object is illegal or it has some defect that is so serious that it is not a contract.
CIF
Cost, Insurance, and Freight, a term used in international trade that indicates the seller is responsible for covering these expenses until the goods reach the purchaser's specified port of destination.
Cost
The value, usually in monetary terms, required to produce, acquire, or maintain a good or service.
Insurance
A contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
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