[Solved] A contract of lease was entered into between A & B with a provision that it is for a period of 5 years renewable for another 5 years. The contract expired on June 30, 2010 but up to now, the lessee is still in possession of the premises. What does the implicit renewal of the contract mean?

Q.	A contract of lease was entered into between A & B with a provision that it is for a period of 5 years renewable for another 5 years. The contract expired on June 30, 2010 but up to now, the lessee is still in possession of the premises. What does the implicit renewal of the contract mean?
A.	That all the provisions of the contract relative germane to possession are renewed.
B.	That the period originally agreed upon shall likewise be the period in the renewed contract.
C.	That the right to purchase agreed upon in the original contract is impliedly renewe
Answer» A. That all the provisions of the contract relative germane to possession are renewed.

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