Executory Costs

question 77

Multiple Choice

Executory costs

• A)are included in the minimum lease payments by the lessee
• B)should normally be borne by the party that is, in substance, the owner of the asset
• C)are the costs incurred by the lessor that are directly associated with negotiating and completing the lease transaction
• D)are always paid by the lessee

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Definitions:

Natural Resources

Naturally occurring materials such as minerals, forests, water, and fertile land that can be used for economic improvement and are considered valuable in their relatively unmodified (natural) form.

American Settlement

The establishment of communities in the United States by immigrants or settlers.

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, granting citizenship to all persons born or naturalized in the United States, including former slaves, and providing all citizens with equal protection under the laws.

Chinese Immigrants

Individuals from China who have relocated to another country, historically significant in the 19th and early 20th centuries for their roles in labor, particularly in the United States during the California Gold Rush and the construction of the Transcontinental Railroad.