A Long-Term Lease That Cannot Be Cancelled and That Transfers

question 59

Multiple Choice

A long-term lease that cannot be cancelled and that transfers virtually all the rewards and risks of ownership to the lessee is called:

• A) a direct lease.
• B) a leveraged lease.
• C) a financial lease.
• D) an operating lease.

---

Definitions:

BC Privacy Act

Legislation specific to British Columbia, Canada, that governs the collection, use, and disclosure of personal information by private entities.

Douez V. Facebook

A notable legal case involving privacy rights and the enforceability of forum selection clauses in online contracts.

Consideration

In contract law, the value promised in a contract by one party to another in exchange for something.

Planned Parenthood

An organization that provides reproductive health care, including birth control, pregnancy testing, and health screenings, as well as advocating for reproductive rights.