A retailer that owns several of its locations and desires capital to expand should consider using a _____
a. percentage lease
b. sale-leaseback
c. short-term lease with renewal options
d. graduated lease
b
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If the modification of a lease contract increases the lease payment to $1,000 or more, the modification has to be in writing to be enforceable.
Answer the following statement true (T) or false (F)
Carson, who is an agent for Peter, breaches his fiduciary duty to Peter. Carson:
a. is liable to Peter for breach of contract. b. is liable to Peter in tort for any losses caused by the breach. c. must make restitution for any profits or property received in breach of this duty. d. All of these are correct.
A(n) ____________________ is a formal written document appointing an agent
Fill in the blank(s) with correct word