In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New Jersey. At the time of purchase, the property was partly occupied and leased to Carriage Trade Cleaners, a dry cleaning establishment. A number of dry cleaners continuously operated on this site since 1930. Marcantuone and Gieson owned and operated a grocery store on another section of the property. They have never personally owned or operated a dry cleaning establishment on the property. JRM, LLC, and Sang Hak Shin were tenants on the property and the last operators of the dry cleaning establishment that utilized the hazardous substance tetrachloroethylene, or perchloroethylene (PCE), during the time Marcantuone and Gieson owned the property. The city of East Orange acquired the property through condemnation for the purpose of building a school on the property. But, the PCE was discovered on the property and out of the $629,407 given to Marcantuone and Gieson as compensation for the taking, the city held back $182,035.20 for the cost of the PCE clean-up. It cost the city a total of $212,000 to complete the clean-up of the property. ​ Classify JRM, LLC, and Sang Hak Shin. a. Lessees b. Lenders c. Owners d. Users

Respuesta :

Answer:

a. Lessees

Explanation:

JRM, LLC, and Sang Hak Shin are Lessees.

There are two kinds of leases a) Operating and b) Capital.

Operating leases are short term leases in which the lessor (asset owner) retains the risks and rewards of ownership.

Capital leases are long term leases by which the lessor transfers substantially all risks and rewards of ownership to lessee.

The above given example is of an operating lease in which the owners Marcantuone and Gieson were given payment less compensation for the cleanup . In this the risks and rewards were retained by the owner.

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