Mary's Tenancy Is Due to End on June 2, 2003

question 51

True/False

Mary's tenancy is due to end on June 2, 2003. 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.

---

Definitions:

Absolute Advantage

The ability of an individual, firm, or country to produce more of a good or service than competitors, using the same amount of resources.

Hamburgers

A type of food consisting of a cooked patty of ground meat, typically beef, placed inside a sliced bread roll or bun.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than others.

Opportunity Cost

The value of the best alternative foregone as a result of making a decision, a fundamental concept in economics that emphasizes the cost of trade-offs.