In a Lease Contract

question 4

Multiple Choice

In a lease contract,

• A) the owner of the property is called the lessee.
• B) the presence of a bargain purchase option indicates that it is a finance lease.
• C) the renter of the property is called the lessor.
• D) there is always a transfer of ownership at the end of the lease term.

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Definitions:

Applet

A small application typically programmed in Java, that runs within a web browser or viewer.

Radio Buttons

GUI elements that allow users to select one option from a set, typically rendered as a small circle that can be filled or cleared to indicate selection.

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GUI components that allow the user to make a binary choice; typically used to select or deselect a single option.

Combo Box

A graphical user interface element that combines a drop-down box with a selection field, allowing users to select an option from a list or input a custom value.