A Lease Creates __________, Between Lessee and Lessor

question 31

Multiple Choice

A lease creates __________, between lessee and lessor.

• A) privity of estate
• B) privity of contract
• C) privity of reversion
• D) All of these relationships.
• E) privity of estate and privity of contract

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Definitions:

Oceanic Plate

A type of tectonic plate that consists mainly of basaltic crust and is denser than continental plates, often subducted under a continental plate at convergent boundaries.

Subducts

Occurs when one tectonic plate moves under another and sinks into the Earth's mantle due to plate tectonic processes.

Subduction Zone

A region at convergent plate boundaries where one tectonic plate moves under another into the mantle, often causing earthquakes and volcanic activity.

Seawater

The saltwater that makes up the oceans and seas covering more than 70% of the Earth's surface, comprising a complex solution of various salts and minerals.