Bren Leases an Apartment from Cris for One Year

question 37

Multiple Choice

Bren leases an apartment from Cris for one year.After two months,she sublets the premises for the next six months to Dee,without obtaining Cris's con?sent.Dee pays the rent for only four months.For the last two months of Dee's six-month term,Bren is

• A)liable for the rent,because Dee defaulted.
• B)liable for the rent,because the sublease lacked Cris's consent.
• C)not liable for the rent,because Bren does not own the apartment.
• D)not liable for the rent,because Bren sublet the premises to Dee.

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Definitions:

Consumer Income

The total amount of income earned by consumers, impacting their ability to purchase goods and services.

Equilibrium Price

The price at which the quantity of goods demanded is equal to the quantity of goods supplied, leading to a market balance.

Equilibrium Quantity

At the market price, the amount of goods or services available perfectly matches the amount consumers want to buy.

Simultaneous Increase

A scenario where two or more variables or quantities rise at the same time.