Correct Answer:
A. TRUE
The statement that the Act is a special law overriding general tenancy laws is TRUE. This foundational legal principle, known as lex specialis derogat legi generali, dictates that a special law takes precedence over a general law when both address the same subject matter. If this Act is designated as a special law, it means its provisions are intended to apply specifically and exclusively to its defined scope, overriding any conflicting general tenancy laws. Therefore, stating it does not override general laws would contradict its nature and purpose as a special law.