A lease for a three-year term that called for rent to be paid quarterly expired. If at the end of the term, the landlord were to accept another payment of rent, the lease would be
A. extended another three years.
B. a periodic tenancy.
C. extended for a term not to exceed one year.
D. cancelled in any event.
Answer: B. a periodic tenancy.
Business
You might also like to view...
According to corporate charters, the legal line of authority for a company runs from the state, to directors, to managers, and to shareholders of the company in this sequence.
a. true b. false
Business
The discussion section of a long report is typically only 30% of the text
Indicate whether this statement is true or false.
Business