Practice question
The parties intend a one-year lease of a specified piece of equipment for fixed monthly rent. A draft says the owner permanently sells the equipment. What change best expresses the intended legal transaction?
- Keep permanent sale language because labels control everything
- Delete the equipment's identification
- State that the lessee acquires ownership merely by paying the first rent
- Leave both permanent ownership and temporary use irreconcilably stated
- Use operative lease language granting use for the agreed term and rent, with the lessor retaining ownership
Legal references
- Civil Code, Articles 1458, 1460, 1473, 1475, 1477–1478, 1643, 1654 and 1657: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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