The Use of a CPI Index in a Lease Contract

question 24

True/False

The use of a CPI index in a lease contract shifts risk to the tenant.

---

Definitions:

Due Date

The specified day by which a task needs to be completed or a payment needs to be made.

Instrument

A formal legal document that signifies a monetary value or evidences a transaction involving financial rights or property.

Without Recourse

Refers to an agreement where the seller is not responsible for any issues that arise after the sale is completed, commonly used in bill of exchange and note transactions.

Endorse

To formally support, approve, or sign a document, often to authenticate its validity or to transfer rights or ownership.