With Respect to Any Right of a Lessee to Assign

question 21

Multiple Choice

With respect to any right of a lessee to assign (sublet) its leasehold interest,

• A)it is an absolute right under Common Law,but greatly restricted by statute.
• B)it is greatly restricted at Common Law,but significantly expanded by statute.
• C)it is entirely governed by statute.
• D)it would be entirely governed by the terms of the lease.
• E)it would be entirely governed by the terms of the lease if it was a commercial tenancy.

---

Definitions:

Limitation Period

The period of time within which legal action must be taken.

Warranty

A promise or guarantee, typically provided by a seller or manufacturer, regarding the condition, functionality, or quality of a product.

Hoist Mechanism

A system or device utilized for lifting or moving heavy objects mechanically.

Damages

Compensation sought or awarded in a legal claim for loss or injury.