Question

The seat in a theatre, train, plane or ferry is rented on a temporary basis in exchange for a fee. The terms associated with the rental of the seat determine the time and use or experience to which the seat can be put. However, the seat remains the property of the theatre owner, rail operator, airline or ferry company. This is referred to as: a.Inseparability. b.Tangibility. c.Lack of ownership. d.Variability.

Answer 1

Answer: The answer to the question is option C which states lack of ownership.  

This is a service transaction against payment and is purely temporary, and there is no physical transfer of ownership which is otherwise possible in case of tangible goods.

It is only a service which cannot be owned as nothing is transferred.