Ruth moves into one of Meryl's Maine beach houses on an oral lease agreement that is to run for 24 months. In Maine, leases that run for longer than one year must be in writing to be enforceable. Meryl has accepted Ruth's rent for two months.
A) Meryl and Ruth do not have a valid lease.
B) Meryl and Ruth have a periodic tenancy.
C) Meryl and Ruth have a tenancy for years because Meryl accepted the rent.
D) Meryl and Ruth have a tenancy at sufferance.
Question 2
The death of a majority shareholder terminates a corporate enterprise.
Indicate whether the statement is true or false
