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:

Total Sales Revenue

The entire amount of income generated by the sale of goods or services related to the company's primary operations.

Formal Decision-making Process

A structured approach to decision-making that involves systematic steps such as identifying a problem, generating alternatives, evaluating alternatives, and making a decision.

Stage-Gate®process

A project management approach that divides the process of bringing a new product to market into distinct stages separated by decision-making checkpoints or "gates."

Cross-functional Team

A group comprised of members from different functional areas of an organization, working together towards a common goal.