Test Your Might: REG

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

Test Your Might: REG - Property

Source: Wiley Test Bank

Delta Corp. leased 60,000 square feet in an office building from Tanner under a written 25-year lease. Which of the following statements is correct?

a. Tanner’s sale of the office building will terminate the lease unless both Delta and the buyer consented to the assumption of the lease by the buyer.

b. In the absence of a provision in the lease to the contrary, Delta does not need Tanner’s consent to assign the lease to another party.

c. In the absence of a provision in the lease to the contrary, Delta would need Tanner’s consent to enter into a sublease with another party.

d. Tanner’s death will terminate the lease and Delta will be able to recover any resulting damages from Tanner’s estate.

Clear selection

Submit

Clear form

Forms

This form was created inside of J.A. Elliott, LLC.