A shorter-term lease under which the lessor is responsible for insurance, taxes, and upkeep, while the lessee can cancel the lease on short notice, is called a(n) ______________.
A) open lease
B) straight lease
C) operating lease
D) financial lease
E) tax-oriented lease
Correct Answer:
Verified
Q209: A _ is effectively a secured loan
Q210: Omni Leasing borrows money from Delta Financial
Q211: An operating lease is defined as a
Q212: A lease is a contract between the
Q213: When computing the net advantage to leasing
Q215: A financial lease is defined as a
Q216: A financial lease in which the lessor
Q217: Operating leases:
A) Are never cancellable.
B) Are always
Q218: A sale and leaseback is defined as
Q219: Good reasons for leasing include all of
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