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The difference between a lease option and lease purchase is:
Correct Answer
A) Lease option obligates seller only
In a lease option, the seller is obligated to sell if the buyer exercises the option, but the buyer is not obligated to buy. In a lease purchase, both parties are obligated.
Answer Options
A
Lease option obligates seller onlyB
Lease option obligates buyer onlyC
One for first-time buyers, other for anyD
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