Answer: Sale
Explanation:
Sale,in terms of Uniform Commercial Code (UCC) law is transit that occurs in ownership right which is transferred from seller of property or good towards the buyer of that property.The buyer has to pay particular amount to buy that property.
Other options are incorrect because acknowledgement, sign and leverage are not the terms that defines ownership getting transferred from seller to buyer for a particular amount of money.Thus, the correct option is sale.
Answer:
<h3>d. harvest crops but not cut down and sell the timber.</h3>
Explanation:
- The leasehold agreement provides a number of exclusive rights to the lessee such as to use or make use of the land for a period of time as specified in the agreement.
- These rights, however, may also be stipulated between the owner and the lessee while signing the contract.
- The use of land for harvesting crops by the lessee in an outright right that he/she by the virtue of the agreement. However, to cut down trees or for that purpose even clearing large forest areas may not be allowed by the owner.
- These issues are normally negotiated with the owner. If the owner agrees, the lessee can cut down trees for sell under certain conditions such as split of profit, compensation, etc.
