Which of the Following Is One of the Implied Rights

question 181

Multiple Choice

Which of the following is one of the implied rights of a lessee of a commercial tenancy?

• A) That the lessee will deliver vacant possession to the new tenant at the time they agreed the lease period would start.
• B) That the lessor will repair unfurnished premises.
• C) That the lessee will give the lessor possession.
• D) That the lessor is assured against the interference by a third party.
• E) That the lessee can use and enjoy the premises for all usual purposes without physical interference from the lessor.

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Definitions:

Carrying Value

The original cost of an asset adjusted for depreciation, amortization, or impairment costs on the company's balance sheet.

Cash Flows

The sum of money flowing in and out of a company, particularly impacting its liquidity.

Consolidated Statement

Financial statements that aggregate the financials of a parent company and its subsidiaries, providing a comprehensive overview of the economic activities of the entire group.

Cash Flows

Cash flows refer to the total amount of money being transferred into and out of a business, especially affecting liquidity.