The Operating Lease Tends to Be a Long-Term Lease,and the Purchase

question 33

True/False

The operating lease tends to be a long-term lease,and the purchase lease tends to be a short-term lease.

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Definitions:

Beneficiary

A person who can expect to benefit from a relationship.

Mental Capacity

The legal ability of an individual to make decisions or engage in transactions due to their ability to understand and appreciate the implications of their actions.

Fraud

The intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Misrepresentation

A false or misleading statement that induces another party to enter into a contract or agreement, which can lead to legal remedies.