Multiple Choice
According to your text, leasing has become a common alternative to purchasing on credit; in business probably more than 25% of capital equipment is being leased. How do you explain this phenomenon?
A) Leasing is a direct substitution to the conditional sale contract.
B) Chattels under lease can easily be moved where real property stays put.
C) Now there are modern systems of registration for property rights.
D) Personal property leasing dates back to Roman times and has been popular ever since.
E) Today's fast changing technology requires business to use the latest equipment.
Correct Answer:

Verified
Correct Answer:
Verified
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