In a lease transaction,title to the leased goods remains with the ________.

Name: In a lease transaction,title to the leased goods remains with the ________.
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Question

Quizplus · Accepted Answer

In a lease transaction, the lessor (the owner of the leased goods) retains title to the goods, while the lessee (the person or company using the goods) has possession and use of them for a set period of time in exchange for regular payments. Therefore, choice A is the correct answer.

In a Lease Transaction,title to the Leased Goods Remains with the ________