According to Your Text, Leasing Has Become a Common Alternative

question 29

Multiple Choice

According to your text, leasing has become a common alternative to purchasing on credit; in business probably more than 25% of capital equipment is being leased. How do you explain this phenomenon?

• A) Leasing is a direct substitution to the conditional sale contract.
• B) Chattels under lease can easily be moved where real property stays put.
• C) Now there are modern systems of registration for property rights.
• D) Personal property leasing dates back to Roman times and has been popular ever since.
• E) Today's fast changing technology requires business to use the latest equipment.

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Definitions:

Paper Route

historically refers to a job involving the delivery of newspapers to a specific route of homes or businesses, often carried out by children or young adults.

$300 Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money, in this case, $300, to the bearer or to a specific individual or party.

Rebuilt Engine

An engine that has been disassembled, cleaned, inspected, repaired as needed, and reassembled with new or refurbished parts to extend its life.

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is an instruction given to a bank by an account holder not to pay a check or transaction previously issued or arranged, usually due to disputes, errors, or lost checks.