A and B Enter into an Agreement for a Car

question 49

Multiple Choice

A and B enter into an agreement for a car whereby A will make lease payments for a certain term,after which A will have the option of buying the car by a final payment of $5000.00.In this case,the lease is best described as

• A)a hire-purchase agreement.
• B)an operating lease.
• C)a security lease.
• D)a finance lease.
• E)an agreement of purchase and sale.

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Definitions:

Correct Punctuation

The accurate use of symbols in writing that clarifies meaning and separates structural or logical elements of text.

Incorrect Citation

The inaccurate or erroneous referencing of sources in academic or professional writing, which can undermine the credibility of the work.

Logic Problem

A puzzle or challenge that requires the use of reasoning and critical thinking skills to solve.

Idea Incomplete

A concept or thought that has not been fully developed or lacks necessary details.