If a Lease Is for 35 Years,it Is Regarded as A

question 43

Multiple Choice

If a lease is for 35 years,it is regarded as a:

• A) financial lease.
• B) operating lease.
• C) capital lease.
• D) conditional sale.
• E) sale and leaseback.

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Definitions:

Race

A social construct used to categorize humans into large and distinct populations or groups by heritable physical, social, and cultural traits.

Social-Contract Theory

A theory in political philosophy that posits the legitimacy of the authority of the state over the individual results from a contract or agreement among the populace or between the rulers and the ruled.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

State

A politically organized community living under a government; the organization of society into a structured political entity with sovereignty over a defined territory.