Which Is a Correct Statement About a Rent Control Law

question 47

Multiple Choice

Which is a correct statement about a rent control law?

• A) A rent control law is a price floor law that makes apartments cheaper to rent but discourages property owners from renting out apartments.
• B) A rent control law encourages property owners to convert offices and condos into apartments.
• C) A rent control law reduces housing shortages.
• D) A rent control law encourages landlords to rent out apartments.
• E) A rent control law is a price ceiling law that makes apartments cheaper to rent but discourages property owners from renting out apartments.

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Definitions:

Rights in Bankruptcy

Legal protections and claims a debtor or creditor has during the bankruptcy process, including claims to assets and discharge of debts.

Homestead Exemption

A legal provision that protects a portion of a homeowner's principal residence from creditors and reduces property tax.

Auction

A public sale in which goods or property are sold to the highest bidder.

Creditor

A party or institution to whom money is owed.