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How many rules of validity are there if we adopt the modern view of existential import?
Finance Lease
A lease agreement where the lessee assumes both the risks and rewards of ownership of the asset, but legal title may not be transferred.
Acquires Title
The act of obtaining legal ownership of a property or asset.
Lessor
The party that rents or leases property to another party, known as the lessee.
Payment Terms
The specific conditions under which a seller will complete a sale, typically including the amount due, discount terms, and the time frame for payment.
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