After negotiations that involved Flightrax Limited, Nell Computers and Techfinance Leasing, itwas agreed that Techfinance Leasing would purchase computers from Nell worth $1.1 million to bedelivered to and used by Flightrax. This contractual agreement between Flightrax and Techfinance is an example of a direct lease.

Question

Quizplus · Accepted Answer

The statement describes a direct lease agreement where one party leases equipment directly from the equipment supplier.

After Negotiations That Involved Flightrax Limited, Nell Computers and Techfinance