Dan Has Leased a Site from Mark for a Period

question 17

Multiple Choice

Dan has leased a site from Mark for a period of 2 years.Bob is interested in purchasing it and makes a great offer to him for the site.In this case:

• A) Dan cannot sell the land because he does not have ownership.
• B) Dan cannot sell the land,unless he stays on it for more than 5 years.
• C) Dan can sell the land because he has leased it from Mark.
• D) Dan can sell the land if the amount offered is equal to the value of the site.

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Definitions:

Investee

A company or entity in which an investor holds a minority ownership, typically less than 50%.

Voting Stock

Shares that give the shareholder voting rights in a company's decisions.

Net Income

A company's final profit after deducting all expenses and taxes from its total revenue.

Net Sales

Represents the revenues from goods and services sold after deducting returns, allowances for damaged or missing goods, and any discounts.