Ida Moves to New York from Poland and Wants to Live

question 27

Multiple Choice

Ida moves to New York from Poland and wants to live in an apartment.However, she does not have sufficient money to buy one.Her colleague Henry allows Ida to live in his old apartment for a year, if she pays him $25, 000.This contract would be considered a(n) ________.

• A)lease
• B)mortgage
• C)installment
• D)easement