menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 3
  4. Exam
    Exam 20: Sales and Lease Contracts
  5. Question
    An Agreement to Transfer the Right to Possess and Use
Solved

An Agreement to Transfer the Right to Possess and Use

Question 18

Question 18

True/False

An agreement to transfer the right to possess and use goods for a commercial purpose for a period of time in exchange for payment is a lease.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: Seacoast Transport Company pays Trucks & Trailers

Q14: Talk Inc. offers to buy from Ultra

Q15: To the extent that it has not

Q16: Joel sells a violin to Key for

Q17: Acceptance of an offer to lease goods

Q19: An agreement for the temporary use of

Q20: In response to an order for a

Q21: With respect to a contract for a

Q22: Under the law that governs the international

Q23: Ric enters into written agreements with Sophie

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines