In a lease arrangement, the owner of the asset is:
A)the lesser.
B)the lessee.
C)the lessor.
D)the leaser.
E)None of the above.

Name: In a lease arrangement, the owner of the asset is: A)the lesser. B)the lessee. C)the lessor. D)the leaser. E)None of the above.
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Question

Quizplus · Accepted Answer

In a lease arrangement, the owner of the asset is referred to as the lessor. The lessee is the party who is renting or leasing the asset. Therefore, option C is the correct answer.

In a Lease Arrangement, the Owner of the Asset Is