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When a Lease Is Assigned, the Assignee Becomes the Sole

question 49

True/False

When a lease is assigned, the assignee becomes the sole obligor for rent payments, and the original lessee is discharged from the lease.


Definitions:

Differential Switches

Devices designed to protect electrical circuits by automatically interrupting the current flow when detecting an imbalance between the incoming and outgoing current.

Pilot Devices

Controls, such as buttons and switches, used to operate machinery or equipment indirectly.

Motor Control Circuits

Electrical circuits specifically designed to control the performance and operation of electric motors, including starting, stopping, and speed control.

Hand-off-automatic Circuit

A control circuit configuration that allows an operator to select between manual, off, or automatic operation of a device or system.

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