In a sale-leaseback transaction, if the lease includes a bargain purchase option, the seller-lessee accounts for the transaction as a sale, the lease as a capital lease, and amortizes the profit from the sale over the lease term.

a. true
b. false

Answer: b. false

Business

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Many medical malpractice suits are due to medical errors by health providers.

a. true b. false

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Five siblings have ownership rights to a property. If a refinance transaction affecting the property is subject to rescission, how many of these individuals must submit a rescission notice in order to void the loan?

a. Any one of the five b. All five c. A majority of the five d. At least two of the five

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