Jade Owns a Loft That She Leases to Keyes and Luc

question 57

Multiple Choice

Jade owns a loft that she leases to Keyes and Luc. If Jade sells the loft, Keyes and Luc

• A)become the tenants of the new owner.
• B)remain Jade's tenants until the end of the lease term.
• C)must immediately vacate the premises.
• D)become the landlord.

---

Definitions:

Liquidity Positions

A financial term referring to the ability of a company or individual to meet its short-term financial obligations with its liquid assets.