📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Where lease omits to mention at whose option it is

    terminable, the lease will be ________
    A Not a valid lease Correct Answer Incorrect Answer
    B Terminable by lessor before expiration Correct Answer Incorrect Answer
    C Terminable by lessee before expiration Correct Answer Incorrect Answer
    D Not terminable before expiration Correct Answer Incorrect Answer

    Solution

    As provided under s.110 of the TP Act – 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

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question