While a Financing Lease Will Likely Provide a Lessor with the Right

question 2

True/False

While a financing lease will likely provide a lessor with the right to purchase the equipment at the end of the lease,a mechanic's lien covering the same equipment would entitle the mechanic to retain possession of the property until payment for the repair is received.Failure to pay for the repair altogether will entitle the mechanic to sell the equipment at fair value,satisfy its outstanding account with the proceeds,and to forward any excess balance of funds remaining to the bailor.

---

Definitions:

Crime Indexes

Statistical measures that track the incidence and categories of crimes within a given area to assess safety and crime trends.

Violent Crime

Acts of crime that involve force or threat of force against individuals, including assault, robbery, and homicide.

Non-Negligent Manslaughter

The unlawful killing of another person without the intention to do so, in circumstances not amounting to murder.

Corporate Crimes

Illegal acts committed by corporate entities or individuals acting on behalf of a corporation or business entity for financial gain.