Each of the four independent situations below describes a lease requiring annual lease payments of $30,000. 
Required: For each situation, determine the appropriate lease classification by the lessee and indicate why. Round your answers to the nearest whole dollar amounts.
Definitions:
Intoxicated
The state of being under the influence of alcohol or drugs to a degree that significantly impairs one's physical and cognitive functions.
Repudiates
The action of refusing to accept, acknowledge, or be associated with; in contract law, it refers to the refusal to fulfill contractual obligations.
Sober
A state of being free from the influence of alcohol or drugs, characterized by clear thinking and the absence of intoxication.
Agency Agreement
A contract in which one party (the agent) agrees to act on behalf of another party (the principal) in business transactions.
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