There Are No Real Differences Between True Leases and Purchase

question 44

True/False

There are no real differences between true leases and purchase arrangements.

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Definitions:

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Arbitration Clause

A contract provision that requires disputes arising out of the contract to be resolved through arbitration rather than through the court system.

Employment Contract

A formal agreement specifying the terms and conditions of the relationship between an employer and an employee.