Which of the Following Is True in the Case of a Lease

question 2

Multiple Choice

Which of the following is true in the case of a lease for a term of more than one year to be enforceable?

• A) It should be in writing only.
• B) It cannot be subleased.
• C) It cannot be assigned.
• D) It can be oral or in writing.

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Definitions:

Investment Bankers

Assist companies in raising capital and provide merger and acquisition services.

New York Stock Exchange

One of the largest stock exchanges in the world, located in New York City, where securities are bought and sold publicly.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Initial Public Offering

A process by which a private company becomes publicly traded by offering its shares to the public for the first time.