Question

Jamal recently purchased a cooperative's stock and moved into one of the cooperative's units. what type of lease does jamal have with the cooperative corporation?

Answer 1

Answer: A proprietary lease

A living lease

A month-to-month lease

A timeshare lease

a

Step-by-step explanation:

Answer 2

It is a finance lease , because Jamal purchased a financial equity, which is the stock, with the cooperative and he moved to one of its units, therefore, the risk and rewards are transferred to Jamal and it is considered to be a finance lease.