Which of the following statements is TRUE of appeals in the Canadian court system?
A) an appeal against the decision of a trial court of a province can be filed in the court of appeal of any other province
B) appeal court judges seldom have the power to reverse the decision of a lower court
C) appeals are based on matters of law
D) the parties are often allowed to challenge findings of fact made by a trial court
E) most appeals are successful as the lower courts often make errors
C
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The lessor will recover a greater net investment if the residual value is guaranteed instead of unguaranteed.
a. true b. false
A percentage lease specified that the rent would be computed on the average rent paid during the lease. The monthly payments on the lease were $205 plus 2 1/2% of the tenant's gross annual receipts over $10,500. The tenant's gross receipts averaged $12,750 per month. Based on this information, what was the tenant's average monthly rental on this property:
A: $207.50; B: $231.75; C: $261.25; D: $501.88.