Which of the Following Leases Lacks Certainty of Duration and Is

question 14

Multiple Choice

Which of the following leases lacks certainty of duration and is therefore invalid?

• A)A lease for three years from 1 January 2010
• B)A lease for one year signed by the parties on 1 April 2010 but stated to commence from 1 March 2010
• C)A lease 'until the end of Semester 2, 2010'
• D)A lease 'until the tenant dies'

---

Definitions:

MRP

Can also refer to Marginal Revenue Product, the additional revenue generated from employing one more unit of a resource or factor of production.

MRC

Marginal Resource Cost, the additional cost incurred by acquiring one more unit of a resource.

Complementary Resources

Different types of goods or services that, when used together, enhance each other's value and performance.

Market Value

The ongoing rate at which a commodity or service can be traded in the public market.