Use the Fact Situation Above to Answer the Question

question 9

Multiple Choice

Use the fact situation above to answer the question. Using the fact situation above,assume that just after B,the dealer,enters into the lease agreement with A,he assigns the lease to a financing company,which gives notice to A to make all payments to the company until the price has been paid in full,at which time the company will transfer the car to A.In this case,the lease is best described as

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

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Definitions:

Parasympathetic

The part of the autonomic nervous system that conserves energy by slowing the heart rate and increasing digestive activities.

Gonads

Sex glands; secrete hormones that regulate sexual development and behavior as well as reproduction.

Sex Glands

Organs that produce sex hormones and gametes, such as ovaries in females and testes in males.

Cortisol

A steroid hormone released in response to stress and low blood-glucose concentration, involved in metabolism and immune response.