CLFP - CLASS REVIEW STUDY QUESTIONS WELL ANSWERED WITH A !

CLFP - CLASS REVIEW STUDY QUESTIONS WELL ANSWERED WITH A !
Question 1: When should lessor register as foreign corp?
CORRECT ANSWER: Within a state ... Good - stock of them
Services offered Inspection or repair of property
Office/employees Negotiated contracts
Question 2: What is dode of Hammurabi?
CORRECT ANSWER: - 1750 BC - Acknowledges leasing of
personal property in his code of laws - First record of leasing
law
Question 3: Early examples of true lease?
CORRECT ANSWER: - Phoenicians shipping experts - charters
covered economic life of ships - lessee to assume benefits and
obligations of ownership
Question 4: What is Statue of Whales?

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