A Lease That Gives the Lessee the Option to Purchase

question 12

Multiple Choice

A lease that gives the lessee the option to purchase the asset at its fair market value at the termination of the lease is called a:

• A)fair market value cap lease.
• B)fair market value lease.
• C)$1.00 out lease.
• D)fixed price lease.

---

Definitions:

Pubic Bone

A part of the pelvis, located in the lower abdomen, near the genital area, playing a key role in the structure of the pelvic region.

Circumcision

The surgical removal of the foreskin that covers the glans penis.

Foreskin

The portion of the sleeve-like skin covering the shaft of the penis that extends over the glans penis. Also known as prepuce.

Frenulum

The triangular area of sensitive skin on the underside of the penis, attaching the glans to the foreskin.