A Lease Bears Similarity to a Transfer of Property in That

question 37

Multiple Choice

A lease bears similarity to a transfer of property in that

• A) if its term exceeds one year, it must be registered.
• B) the lessee is entitled to "quiet possession."
• C) any fixtures a tenant installs become part and parcel of the real property, as is the case for an owner.
• D) both must be in writing to be enforceable.
• E) any fixtures a tenant installs become part and parcel of the real property, as is the case for an owner and the lessee is entitled to "quiet possession."

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Definitions:

Cleanup Site

A location that requires removal or treatment of pollution or contaminants from the environment.

CERCLA

The Comprehensive Environmental Response, Compensation, and Liability Act, a U.S. law designed to facilitate the cleanup of hazardous waste sites and to hold responsible parties accountable for environmental damage.

Toxic Waste Dump

A site for the disposal of hazardous materials that can pose a threat to health, safety, or the environment.

Clean Water Act

A significant United States federal law establishing the structure for regulating water pollution and aiming to maintain and restore the cleanliness of waters.