Which of the Following Is True Regarding the Obligations of the Parties

question 26

Multiple Choice

Which of the following is true regarding the obligations of the parties if leased premises are destroyed through a fire or other disaster not the fault of the landlord?

• A) The lessee must continue paying rent until the premises are either rebuilt or the lease expires; but the landlord has a duty to act with reasonable speed in rebuilding the premises.
• B) The tenant is released from paying rent and the lease is terminated; and unless the landlord could have prevented the disaster, the landlord generally has no duty to restore or repair.
• C) The lessee must continue paying rent, and rebuilding the premises is the responsibility of the tenant if the tenant wishes to do so.
• D) The lessee is excused from further rent payments until the premises are rebuilt, and the landlord has a duty to act with reasonable speed in rebuilding the premises.
• E) The lessee must continue paying half the rent until the premises are either rebuilt or the lease expires; but the landlord has a duty to act with reasonable speed in rebuilding the premises.

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Definitions:

Insurance Types

Various categories of insurance policies designed to protect against specific risks, including health, auto, life, and property insurance.

Material Misrepresentations

False statements or omissions that are significant enough to influence an individual's decision-making process.

Insurance Contract

An agreement between an insurance company and an individual or entity, where the insurer agrees to compensate for specified losses in exchange for a premium.

Insurer

is an entity or company that provides insurance policies to individuals or organizations, offering financial protection or reimbursement against losses under the terms of an insurance contract.