Which of the following can terminate a license?

Which of the following can terminate a license?

• A. Only the mutual agreement of both parties
• B. The death of the property owner only
• C. The sale of the property or the death of either party
• D. Only the completion of the license term

Answer: (C)

The ability to terminate a license involves specific conditions, and the option that states "the sale of the property or the death of either party" encompasses significant circumstances under which a license can indeed be terminated. When a property is sold, any licenses granted in relation to that property typically become void because the new owner may not want to continue with the existing arrangements that the license had established. Similarly, the death of either party involved in the licensing agreement can also lead to termination, as the rights and obligations often cannot be transferred to heirs unless otherwise specified. This is unlike the other options that suggest limitations or specific conditions that do not capture the full scope of circumstances that can lead to the termination of a license. Whether it’s a mutual agreement—while valid—does not fully encompass the automatic and natural end of a license that occurs due to the sale of a property or the death of a party involved. Thus, the comprehensive nature of the chosen answer highlights the various ways a license can be terminated within real estate law.

The ability to terminate a license involves specific conditions, and the option that states "the sale of the property or the death of either party" encompasses significant circumstances under which a license can indeed be terminated.

When a property is sold, any licenses granted in relation to that property typically become void because the new owner may not want to continue with the existing arrangements that the license had established. Similarly, the death of either party involved in the licensing agreement can also lead to termination, as the rights and obligations often cannot be transferred to heirs unless otherwise specified.

This is unlike the other options that suggest limitations or specific conditions that do not capture the full scope of circumstances that can lead to the termination of a license. Whether it’s a mutual agreement—while valid—does not fully encompass the automatic and natural end of a license that occurs due to the sale of a property or the death of a party involved. Thus, the comprehensive nature of the chosen answer highlights the various ways a license can be terminated within real estate law.