Multiple Choice
A and B enter into an agreement for a car whereby A will make lease payments for a certain term,after which A will have the option of buying the car by a final payment of $5000.00.In this case,the lease is best described as
A) a hire-purchase agreement.
B) an operating lease.
C) a security lease.
D) a finance lease.
E) an agreement of purchase and sale.
Correct Answer:
Verified
Correct Answer:
Verified
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