QUESTION 19 Commercial leases tend to be ____ than residential leases. much long
ID: 357488 • Letter: Q
Question
QUESTION 19
Commercial leases tend to be ____ than residential leases.
much longer
much simpler
much shorter
none of the other choices are correct
much more informal
QUESTION 20
The doctrine of ____ is used to end the obligations to a contract when an event occurs that makes performance impossible.
none of the other choices are correct
discharge due to infeasibility
legal incompatibility
changed circumstances
legal infeasibility
QUESTION 21
Which of the following statement(s) is (are) true?
all of the other specific choices are true
a partnership may consist entirely of limited partners
none of the other choices
a limited partner may exercise control over the business in proportion to his interest in it
a limited partnership must have at least one general partner
a.much longer
b.much simpler
c.much shorter
d.none of the other choices are correct
e.much more informal
Explanation / Answer
Question 19.
The correct answer is option a.
Commercial leases are more complicated and are much longer in duration (3 years to 20 years) and this type of lease cannot be broken easily. Residential leases are simple with shorter duration and can be renewed easily.