The Term "Usable Area" Is Typically Synonymous with "Leasable Area

question 28

True/False

The term "usable area" is typically synonymous with "leasable area," in a building with multiple tenants.

---

Definitions:

Primary Obligation

A primary obligation is the main responsibility or liability that a party is bound to fulfill under the terms of a contract or agreement.

Oral Sales Contract

A verbal agreement between parties for the purchase and sale of goods or services, which may be legally binding depending on the context and the nature of the transaction.

Enforceable

Refers to a legal agreement that can be upheld or compelled in a court of law.

UCC's Statute

A legal guideline adopted to harmonize the law of sales and other commercial transactions across the United States.