A lessor or lessee may unilaterally terminate which of the following?
a. estate of periodic tenancy
b. estate for years
c. estate at will
d. estate at sufferance
Answer: c. estate at will
Business
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Executory costs should be excluded by the lessee in computing the present value of the minimum lease payments.
a. true b. false
Business
The major advantage of a telephone call over written correspondence is that:
A) it is cheaper B) less time is involved C) it offers spontaneity D) the buyer is a "captive audience" E) two-way communication is involved
Business