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Questions and Answers
What is the primary purpose of a consumer lease?
What is the primary purpose of a consumer lease?
- For business purposes
- For personal, family or household purposes (correct)
- For educational purposes
- For investment purposes
What type of lease is used for commercial purposes?
What type of lease is used for commercial purposes?
- Personal lease
- Commercial lease (correct)
- Residential lease
- Consumer lease
What determines the type of lease?
What determines the type of lease?
- The cost of the lease
- The type of item being leased
- The purpose of the lease (correct)
- The duration of the lease
Is the following statement true or false: A consumer lease is used for business purposes?
Is the following statement true or false: A consumer lease is used for business purposes?
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What is the main distinction between a consumer lease and other types of leases?
What is the main distinction between a consumer lease and other types of leases?
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