Question 12 Incorrect Mark 0.00 out of 1.00 Question text John Hancock, the owner of Hancock Apartments, orally entered into a five-year lease with Blythe, with the rental period to commence on February 1, 1988. The lease provided that Blythe would pay Hancock rent at the amount of $3,500 per year for a one-bedroom apartment. Blythe made payments of $3,500 on the first day of February in 1988 and 1989. On March 31, 1989, Hancock notified Blythe and the other tenants of the apartment building that he had sold the building that day to Rothchild. The following day Rothchild, the new owner, notified Blythe that the building would be converted to a condominium and that all leases would be terminated as of December 31, 1989. However, Blythe would be entitled to purchase the condominium at a special resident's discount price of $32,500, if Blythe signed an agreement of sale within six months. Blythe decided not to purchase the unit. On April 2, 1989, considering all appropriate defenses, the date of Blythe's lease expiration was Select one: a. September 15, 1989. b. December 31, 1989. c. January 31, 1990. d. January 31, 1993. Feedback The correct answer is: January 31, 1990