Which of the following would usually occur in a sale-and-leaseback transaction?
1 - The seller gets a return on the purchase in the form of rental payments.
2 - The property is sold on the condition that the new owner lease it back to the seller at the time title passes.
3 - The buyer keeps capital in inventories rather than in realty.
4 - The rent that the seller pays is not income-tax deductible.