A lessor has the ________ if the lessee breaches the contract by repudiating all or any part of the contract.

Question

Quizplus · Accepted Answer

The lessor has the right to cancel the contract if the lessee breaches the contract by repudiating all or any part of the contract. This means that the lessor can terminate the lease agreement and seek damages for any losses suffered as a result of the breach. The other options listed are not applicable in this scenario: 
- A) Right to replevy: This refers to the right to recover possession of property that has been wrongfully taken or detained. It is not relevant to a breach of contract by the lessee. 
- C) Right to cure: This refers to the right of a party to a contract to cure a breach before the contract is terminated. It is not applicable in this scenario as the lessee has already breached the contract. 
- D) Right to obtain specific performance: This refers to the right to require the other party to perform their obligations under a contract. It is not applicable in this scenario as the lessee has already breached the contract.

A Lessor Has the ________ If the Lessee Breaches the Contract