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.

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Definitions:

Phylogenetic Tree

A branching diagram that represents the evolutionary relationships among various biological species or entities based upon similarities and differences in their physical or genetic characteristics.

Gallflies

Insects that induce the formation of galls on plants, which serve as both habitat and food sources for the larva of the fly.

Predatory Birds

Birds that hunt and feed on other animals, characterized by keen vision that allows them to detect prey during flight.

Parasitoid Wasps

A group of wasps whose larvae live as parasites that eventually kill their host.