Suppose That a Binding Rent Control Law Is Repealed in San

question 11

Multiple Choice

Suppose that a binding rent control law is repealed in San Francisco.As a result,we would expect the total number of units rented in the city to

• A)​increase.
• B)​decrease.
• C)​remain unchanged.
• D)​decrease,then increase.

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Definitions:

Debts Barred

Relates to debts that cannot be legally recovered due to the expiration of a statute of limitations.

Statutes Of Limitations

Laws that set the maximum time after an event within which legal proceedings may be initiated, thus limiting the duration a party can be sued or charged.

Inadequate Consideration

This term implies an agreement in which the value exchanged between two parties is significantly disproportionate, questioning the fairness of the deal.

Promissory Estoppel

A legal principle that prevents a promisor from denying the promise or going back on it if the promisee has reasonably relied on the promise to their detriment.