A(n)____ is a type of transaction generally involving three parties instead of two.
A) finance lease
B) consumer lease
C) sale
D) None of these.

Question

Quizplus · Accepted Answer

A finance lease involves three parties: the lessor, the lessee, and the supplier of the leased asset. This type of lease is commonly used for businesses to acquire assets without having to pay the full purchase price upfront.

A(n)____ Is a Type of Transaction Generally Involving Three Parties