Why might a lessee who didn't sign a lease to rent a house for 18 months be held accountable in court by the terms of the lease?
a. By signing a special addendum of responsibility.
b. By the mortality clause found in all unwritten agreements.
c. By his actions of moving in and paying rent for part of the time he has created an implied contract.
d. It is not possible that he could be held accountable because all agreements not to be performed within a year must be in writing.
Answer: c. By his actions of moving in and paying rent for part of the time he has created an implied contract.
You might also like to view...
A guests perception of the relationship between what was paid for a hospitality product or service relative to what received for the payment is called
A. Value B. Service C. Quality D. Moment of truth
An investor is faced with the decision of whether to invest in a stock with an expected return of 14% or a stock in the same industry with an expected 20% return. Which of the following seems most likely?
A) the 20% stock is a better investment. B) Both stocks are priced correctly given their perceived risk. C) the 14% stock is overpriced. D) Both stocks will have approximately the same return.