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A lease of immovable property is: I. Transfer of right to enjoy such property II. Made for certain…

A lease transfers the right to enjoy property rather than ownership of it. Section 105 allows consideration in the form of a price paid or promised, as statement III says,…

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A lease of immovable property is:
I. Transfer of right to enjoy such property
II. Made for certain time, only in expressed form
III. In consideration of a price paid or promised

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Answer and explanation

Correct answer A

A lease transfers the right to enjoy property rather than ownership of it. Section 105 allows consideration in the form of a price paid or promised, as statement III says, and also permits rent in money, crops, services or other value. Its duration may be express or implied, or perpetual, so statement II's express-only restriction is wrong. Only I and III are correct.

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