New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Option to determine lease exists with:

    A Leassor Correct Answer Incorrect Answer
    B Lessee Correct Answer Incorrect Answer
    C Any of the above Correct Answer Incorrect Answer
    D None has such right. Correct Answer Incorrect Answer

    Solution

    As per. S110 of the Transfer of Property Act, 1882- Option to determine lease.—Where the time so limited is expressed to be terminable before its expiration, and the lease omits to mention at whose option it is so terminable, the lessee, and not the lessor, shall have such option.

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