Which of the Following Statements Is TRUE

question 37

Multiple Choice

Which of the following statements is TRUE?

• A)A commercial lease is always granted to a corporation and a residential lease is always granted to an individual.
• B)If the duration of a lease is three years or less,the parties must set a specific rent at the outset,and that amount cannot be altered during the term of the lease.
• C)The covenant for quiet possession may apply even if both parties are deaf.
• D)The right of distress is used more often for residential leases than for commercial leases.
• E)If a residential tenant commits a breach of contract,the landlord is not expected to mitigate its losses.

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Definitions:

Concept Hierarchy

A system of organizing concepts from the most general to the most specific, facilitating understanding and learning by structuring knowledge in a hierarchical manner.

Ultimatum Game

A game in economic experiments where two players decide on how to divide a sum of money; refusal by one player results in neither player receiving anything.

Rational Self-Interest

The principle that individuals will make decisions that they perceive to be the best for themselves, maximizing their own benefit.

Reflective Judgment

The process of critically evaluating the validity of various claims and evidence before forming a conclusion or judgment.