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After Negotiations That Involved Flightrax Limited, Nell Computers and Techfinance

Question 77

True/False

After negotiations that involved Flightrax Limited, Nell Computers and Techfinance Leasing, itwas agreed that Techfinance Leasing would purchase computers from Nell worth $1.1 million to bedelivered to and used by Flightrax. This contractual agreement between Flightrax and Techfinance is an example of a direct lease.

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