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

    Question

    In case a lease is made for a certain period mentioning

    that it is terminable before its expiration, without mentioning at whose option________.
    A Only lessee will have the option of termination Correct Answer Incorrect Answer
    B Only lessor will have the option of termination Correct Answer Incorrect Answer
    C The lease will be terminable only in case of mutual agreement Correct Answer Incorrect Answer
    D Both lessor and lessee will have option of terminating the lease Correct Answer Incorrect Answer

    Solution

    As per s.110 of the Transfer of Property Act, 1882, only lessee will have option to terminate the lease in case not mentioned at whose option lease is terminable.

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