Bert,a Self-Employed Attorney,is Considering Either Purchasing or Leasing a $50,000

question 74

Essay

Bert,a self-employed attorney,is considering either purchasing or leasing a $50,000 automobile for use in his business.What are the issues he should consider in making his decision?

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Definitions:

Minor

An individual under the legal age of adulthood, typically under 18 years old, with limited legal rights and responsibilities.

Liable

Legally responsible or obligated to answer for actions or to compensate for harm or damage caused.

Misrepresents

Providing false or misleading information or statements.

Legal Right

A legal right is an entitlement or permission backed by law or legal principles.