Sisk Is a Tenant of Met Co

question 87

Multiple Choice

Sisk is a tenant of Met Co.and has two years remaining on a six-year lease executed by Sisk and Met.The lease prohibits subletting but is silent as to Sisk's right to assign the lease.Sisk assigns the lease to Kern Corp. ,which assumes all of Sisk's obligations under the lease.Met objects to the assignment.Which of the following statements is correct?

• A)The assignment to Kern is voidable at Met's option.
• B)Sisk would have been relieved from liability on the lease with Met if Sisk obtained Met's consent to the assignment.
• C)Sisk will remain liable to Met for the rent provided for in the lease.
• D)With respect to the rent provided for in the lease,Kern is liable to Sisk but not to Met.

Identify appropriate activity indexes for budgeting specific positions or departments within an entity.

Analyze the impact of budget assumptions on cash flow, including expected cash receipts and disbursements.

Recognize the role and benefits of budgeting within organizations, including both profit and not-for-profit entities.

Formulate sales, production, and direct materials budgets based on sales forecasts and company policies.

---

Definitions:

Online Feedback Forms

Digital forms used to collect opinions, suggestions, or evaluations from users or customers regarding services, products, or experiences.

Prototype Stage

A phase in product development where a preliminary model is built to test concepts, design choices, and usability before final production.

Design Stage

A phase in the development process of a project where the conceptual planning and layout are established and detailed.

Published Stage

The final stage in the writing process where the work is made available to the public, either in print or online form.