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joja [24]
2 years ago
9

Crop-share lease is a kind of land lease, where a specified percentage of the crop is paid to the land owner for use of the land

. Ordinarily, tenant proved all labor and machinery, the land owner provides the real estate, and both parties share most of the variable cost of production.
True
False
Business
1 answer:
Andreyy892 years ago
8 0

Answer:

The correct answer is True.

Explanation:

Crop-share lease is a contract whereby one party, which is called the owner, agrees with another, which is called sharecropper, the mutual collaboration of a rural estate or a portion thereof, in order to divide each other the fruits or utilities that result from the exploitation

The Crop-share lease contract must always be in writing, authenticated before the judge of the respective municipality or, failing that, before the mayor where the property is located.

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Answer and Explanation:

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Here we debited the interest expenses and premium on bonds as it increased the expenses and we credited the interest payable as it also increased the liabilities

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