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Sam Just Moved from Montreal to Calgary and Purchased a Condo.He

Question 57

Multiple Choice

Sam just moved from Montreal to Calgary and purchased a condo.He needs to furnish his new place,but he doesn't plan to stay long.He wants to rent out his condo next year and move back to Montreal.If he wants to rent out a fully furnished condo,which of the following can Sam not do?


A) Purchase the furniture outright.
B) Arrange a conditional sale in which he pays the full price within one year.
C) Lease the furniture from the vendor with the option to purchase.
D) Rent the furniture.
E) Buy the furniture on credit with his condo as collateral.

Correct Answer:

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