If a Lease Is Assigned, Who Is Liable for the Rent

question 44

Multiple Choice

If a lease is assigned, who is liable for the rent?

• A) the assignor
• B) the assignee
• C) either the assignor or the assignee, but the landlord is entitled to only one satisfaction of the amount due under the lease
• D) the landlord can collect from both the assignor and the assignee

---

Definitions:

Cash Payments

Cash payments refer to transactions in which money is exchanged immediately for goods or services, without the use of credit.

Accounts Payable

Liabilities or money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.

Inventory Balance

The total value of all the goods and materials held by a company at a specific point in time.

Cash Payments

Refers to transactions where money is physically paid out or deducted from an account to settle obligations or acquire goods and services.