Henry,a Promoter,signs a Five-Year Lease Agreement for Office Space for Ajax

question 41

Multiple Choice

Henry,a promoter,signs a five-year lease agreement for office space for Ajax Corp. ,which has not yet been formed.After formation,Ajax moves into the office space,pays rent and occupies it for six months,but then finds a cheaper location and moves out.Which party is liable on the lease?

• A)Henry
• B)Ajax
• C)No one,since it was a tenancy at will
• D)Both Henry and Ajax

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