Alf Rents an Apartment

question 34

Multiple Choice

Alf rents an apartment. The lease does not specify how long it will last, but it does specify that Alf must pay rent every month. Alf's tenancy is

• A) a fixed-term tenancy.
• B) a periodic tenancy.
• C) a tenancy at will.
• D) not a tenancy.

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Definitions:

Purchased Goods

Items or commodities that have been bought by individuals or organizations, ranging from consumables to durable goods.

Cognitive Processes

The mental activities involved in acquiring, processing, and storing knowledge, including perception, memory, and thinking.

Consumer Behavior

The study of how individuals or groups select, buy, use, and dispose goods, services, ideas, or experiences to satisfy their needs and wants.

Dynamic

Characterized by constant change, activity, or progress.