A lease is classified as a capital lease if the present value of the minimum lease payments is 75% or more of the fair value of the leased property
Indicate whether the statement is true or false
False
You might also like to view...
The process whereby the judge and attorneys ask prospective jurors questions to determine whether they would be biased in their decisions is called ________.
A. interrogatory B. deposition C. peremptory D. voir dire
Which of the following acts forbids monopolies and attempts to monopolize commerce or trade either between the states of the United States or in international commerce affecting the United States?
A. Section 2 of the Sherman Act B. Section 2(a) of the Robinson-Patman Act C. Section 4 of the Clayton Act D. Section 7 of the Clayton Act
An employer directs his vice-president of marketing to fix prices with their company's competitors. The employee does so. Under these facts:
a. only the employee is criminally liable. b. both the employee and the employer are criminally liable. c. only the employer is criminally liable. d. neither the employee nor the employer is criminally liable.
The parol evidence rule assumes that a written contract represents the complete agreement
Indicate whether the statement is true or false