Consider the following statements regarding the distinction between lease and licence:(1) A lease is a transfer of an interest in land, whereas the licence does not create any interest in land(2) Both lessee and licence-holders can sue a trespasser in his own name(3) A lease can be assigned but a licence cannot be assigned(4) A lease cannot be revoked until the end of the term, but a licence, subject to certain exceptions, can be revokedWhich one of the above statements is/are correct?
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