Which of the Following Is True for a Lease Contract

question 33

Multiple Choice

Which of the following is true for a lease contract wherein the goods involved are totally destroyed without the fault of either the lessor or the lessee?

• A) The lessor is legally required to reimburse the lessee for any damages.
• B) The lessee is legally obliged to reimburse the lessor for any damages.
• C) Both parties are excused from performing the contract.
• D) Both parties share the damages that arise from the total destruction of the goods.

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Definitions:

Wage Gap

The disparity in earnings between different groups of workers, often defined by gender, race, or age.

Poverty

A situation where an individual or society does not possess the necessary financial means or basic necessities to maintain a basic living standard.

Social Policies

Guidelines, principles, legislation, and activities that affect the living conditions conducive to human welfare, such as those affecting healthcare, education, and housing.

Philosophical Conservatives

Individuals who emphasize tradition, order, and social stability, advocating for limited government intervention in the economy and society.