What Is a Defining Characteristic of a Lease

question 15

Multiple Choice

What is a defining characteristic of a lease?

• A) a lease confers ownership
• B) a lease confers a temporary right to possess
• C) a lease confers the right to sell
• D) a lease confers the right to use the property as security for a loan

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Definitions:

Conventions

General agreement about terms and/or practices.

Interpretation

A way of understanding, a view of a set of facts, from a certain perspective.

Universal Causality

The philosophical concept that every event or action results from preceding events in accordance with the laws of nature.

Equal and Opposite Reaction

Newton's third law of motion, which states that for every action, there is an equal and opposite reaction.