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:

Persuasive

Having the ability to convince or influence others through argument or presentation.

Objective

A goal or aim that a person or an organization strives to achieve.

Legalese

The formal and technical language that is characteristic of legal documents and proceedings, often criticized for being difficult to understand.

Persuasive Language

The use of rhetorical strategies to influence others' beliefs or actions.