Operating Leases Often Include What Type of Terms

question 23

Multiple Choice

Operating leases often include what type of terms?

• A) terms including maintenance of the equipment by the lessor
• B) terms including full amortization over the life of the lease
• C) terms including very high penalties if the lease is cancelled
• D) terms including restrictions on how much the leased property can be used

---

Definitions:

Legal Undertaking

A formal promise or agreement, often legally binding, to perform a specific act or adhere to certain conditions.

Chinese Exclusion Act

A historical law enacted by the United States Congress in 1882 that prohibited the immigration of Chinese laborers.

Komagata Maru

A 1914 incident in which a ship carrying Sikh, Muslim, and Hindu passengers was denied entry into Canada due to discriminatory immigration policies.

Jewish Refugees

Individuals of Jewish heritage who were forced to flee their homes due to persecution, conflict, or violence, especially during the World War II era.