Ray Breaches His Lease with Sunny Properties and Vacates the Premises

question 11

Multiple Choice

Ray breaches his lease with Sunny Properties and vacates the premises six months before the end of the term.In some states,Sunny would have to

• A)avoid reletting the premises to recover damages from Ray.
• B)make reasonable efforts to relet the premises to mitigate dam?ages.
• C)relet the premises to recover damages from Ray.
• D)sell the premises to recover damages from Ray.

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Definitions:

Administrative Expense

Costs related to the general operation of a company, such as salaries of executive officers and costs associated with the corporate office.

Selling Expense

Costs incurred directly from the selling of products or services, such as commissions and advertising costs.

Goods Sold

The total quantity of goods that are sold during a specific period, contributing to a company's revenue.

Cost

The monetary value incurred in the production of goods and services, including materials, labor, and overhead expenses.