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Q4.Now assume an agreement that gives one party the right to park in a parking garage each weekday between 7:00 a.m. and 8:00 p.m.  Is this a lease or a license? (Choose the best answer)
  It is a license because you can't have a lease in a parking garage.    

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It is a license because the agreement does not give a possessory interest in specific property. No specific property is designated in the agreement since there is not a specific parking space designated.

 
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  Last updated: 06/19/07
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