Ed Signs a Ten-Year Lease with a Survival Clause

question 11

Multiple Choice

Ed signs a ten-year lease with a survival clause.If Ed is evicted for nonpayment of rent after two years, he will have to pay:

• A)rent for the remaining 8 years.
• B)damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain from reletting the premises.
• C)until eviction.
• D)until he assigns the lease.

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Definitions:

Group Polarization Effect

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, often observed after group discussions.

Risky Decision

A risky decision involves making a choice when the outcomes are uncertain and potentially negative.

Cautious Decision

A decision-making process that involves careful consideration and evaluation of risks and benefits before taking action.

Empiricism

Empiricism is a philosophical stance emphasizing that knowledge comes primarily from sensory experience and observation.