Question

Which of the following statements of fact best matches the term surrender?

a. The transfer of property ownership.
b. Giving up the right to legal action.
c. An agreement to terminate a lease.
d. The return of earnest money.

Answer 1

The fact statement that best matches 'surrender' is an agreement to terminate a lease, which allows both parties to cancel the lease without liabilities, and ensures paid sums are refunded.

Step-by-step explanation:

The statement of fact that best matches the term surrender in the context given would be c. An agreement to terminate a lease. Surrender in legal terms often refers to the cessation of rights, such as when a tenant and landlord mutually agree to terminate a lease agreement. If a property cannot be delivered to the new resident on the agreed date due to circumstances like loss, destruction, or a previous tenant not vacating, both parties have the option to cancel the lease agreement with no further liabilities, and any paid sums should be returned.