Which of the Following Is Not True of Leases of Real

question 28

Multiple Choice

Which of the following is not true of leases of real property?

• A) They must always be in writing.
• B) They vary in manner of termination.
• C) They are both contracts and conveyances of an estate in land.
• D) They involve an exclusive right to use and possession of the land for a definite or ascertainable time and are nonfreehold estates.

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Definitions:

Value Per Share

The amount of money that would be received for each share of stock if all of a company’s assets were sold at their exact book value.

Incremental Value

The additional value created by undertaking a particular action, project, or investment, compared to not doing so.

Shares Outstanding

The total number of shares of a company that are currently owned by shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Incremental Value

The additional or extra value created by undertaking a certain action or decision, compared to doing nothing or choosing an alternative.