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MMLU-Pro / 1113 / A landowner owned a large building in the city. On January 15, the landowner…

Problem

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question

A landowner owned a large building in the city. On January 15, the landowner leased the building to a tenant for a period of 20 years at a rental of $10,000 per month. The leasehold agreement between the landowner and tenant provided that the latter was not permitted "to assign this lease to anyone except a corporation with an €˜A' credit rating from a well- known credit rating company. " On February 1 of the following year, the tenant leased the premises to a corporation that did not have the required credit rating. The tenant €”corporation lease was for a period of five years, with a rental of $15,000 per month, payable by the corporation to the tenant. In addition, the corporation agreed to abide "by all of the terms and conditions of the lease between the landowner and tenant. "Which of the following accurately states the legal effect of the non-assignability clause contained in the landowner €”tenant leasehold contract?
Plain-text mathematical notation (without MathML)
A landowner owned a large building in the city. On January 15, the landowner leased the building to a tenant for a period of 20 years at a rental of $10,000 per month. The leasehold agreement between the landowner and tenant provided that the latter was not permitted "to assign this lease to anyone except a corporation with an €˜A' credit rating from a well- known credit rating company. " On February 1 of the following year, the tenant leased the premises to a corporation that did not have the required credit rating. The tenant €”corporation lease was for a period of five years, with a rental of $15,000 per month, payable by the corporation to the tenant. In addition, the corporation agreed to abide "by all of the terms and conditions of the lease between the landowner and tenant. "Which of the following accurately states the legal effect of the non-assignability clause contained in the landowner €”tenant leasehold contract?
Original LaTeX notation
A landowner owned a large building in the city. On January 15, the landowner leased the building to a tenant for a period of 20 years at a rental of $10,000 per month. The leasehold agreement between the landowner and tenant provided that the latter was not permitted "to assign this lease to anyone except a corporation with an €˜A' credit rating from a well- known credit rating company. " On February 1 of the following year, the tenant leased the premises to a corporation that did not have the required credit rating. The tenant €”corporation lease was for a period of five years, with a rental of $15,000 per month, payable by the corporation to the tenant. In addition, the corporation agreed to abide "by all of the terms and conditions of the lease between the landowner and tenant. "Which of the following accurately states the legal effect of the non-assignability clause contained in the landowner €”tenant leasehold contract?

category

law

options

  1. The non-assignability provision had no legal effect.
  2. The non-assignability provision allowed the tenant to lease the premises to the corporation, but not to transfer ownership.
  3. The non-assignability provision was irrelevant because the lease between the landowner and tenant had expired.
  4. The non-assignability provision was only effective if the tenant received written consent from the landowner.
  5. The non-assignability provision would be null and void if the corporation improved its credit rating to 'A' during the lease period.
  6. The tenant-corporation lease only constituted a breach if the corporation defaulted on the rent.
  7. The non-assignability provision was applicable only to the first year of the lease.
  8. The tenant-corporation lease did not effectuate a breach of the landowner €”tenant contract.
  9. Although the tenant-corporation lease constituted a breach of the landowner €”tenant contract, the landowner would nevertheless be required to recognize the validity of the transfer (of the premises) to the corporation.

src

ori_mmlu-professional_law

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Source and history

upstream_id / Original problem ID
1113
task_id
b4ccfe11-a11d-569e-bae5-f72b0c36a09a
task_key
default--test--1113
task_revision_id
1
config / split
default / test

Official source

initial import