Mable and Pepe agree orally that Mable will lease her vineyards to Pepe on condition that Pepe will annually give 10 percent of the grapes produced by him to Mable, as rent. Which ONE of the following statements is CORRECT?

Question

Answer

No contract of lease will come into being if it is agreed that Pepe’s stay on the farm is permanent.

Answer

No contract of lease will come into being, because the agreement relates to immovable property and is not embodied in a written document.

Answer

No contract of lease will come into being, because the amount of the rent is not certain or ascertainable.

Answer

No contract of lease will come into being, because the rent must sound in money that is the lessee must compensate the lessor with money.

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Mable and Pepe agree orally that Mable will lease her vineyards to Pepe on condi...

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