When a Portion of Leased Premises Is Transferred to Another

question 28

True/False

When a portion of leased premises is transferred to another person, the lease is said to be assigned.

---

Definitions:

Organizational Performance

The analysis of a company's performance in terms of revenue, profit, growth, and effectiveness in achieving its goals.

Formal Leadership

Leadership within an organization that is established by one's position within the organizational hierarchy, often involving officially designated responsibilities and authority.

Ethical Issue

A situation or decision that involves conflicts between moral imperatives, where choosing one may result in transgressing another.

Inaction

The lack of action or delay in responding to a situation, often resulting in negative outcomes or missed opportunities.