Which of the Following Is a Characteristic of Periodic Tenancy

question 13

Multiple Choice

Which of the following is a characteristic of periodic tenancy?

• A) It is sometimes called a tenancy for years.
• B) It can be ended only by a notice of termination by the landlord.
• C) No periodic tenancy may last longer than from year to year.
• D) No prior notice needs to be given for the termination of the tenancy.
• E) The tenant cannot be ejected without his consent.

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Definitions:

Product X

A placeholder name typically used in economics and marketing to represent a generic product under consideration.

Resource Allocation

The process of assigning and distributing available resources to various uses in an economy, often in order to maximize efficiency or achieve a desired outcome.

Production Possibilities Curve

A graph that shows the maximum number of possible units a company can produce if it only produces two types of goods given a fixed amount of resources.

Marginal Costs

The extra financial burden of manufacturing another unit of a product or service.