In an ordinary lease,when does the risk of loss pass from the lessor to lessee,if the lessor is a merchant?
A) when the parties sign the lease contract
B) when the lessee makes the first lease payment
C) when the lessor receives the first lease payment
D) when the lessee receives the goods
E) when the lessor ships the goods

Question

Quizplus · Accepted Answer

In an ordinary lease, the risk of loss passes from the lessor to the lessee when the lessee receives the goods. This is true regardless of whether the lessor is a merchant or not.

In an Ordinary Lease,when Does the Risk of Loss Pass