A ﬁnancial lease is generally cancellable without penalty if the lessee provides 30 days advance
notice.

Name: A ﬁnancial lease is generally cancellable without penalty if the lessee provides 30 days advance notice.
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Question

Quizplus · Accepted Answer

A financial lease is generally non-cancellable, meaning that the lessee cannot terminate the lease before the end of the contract term. Therefore, there would be a penalty for early termination, and providing notice would not avoid this penalty.

A ﬁNancial Lease Is Generally Cancellable Without Penalty If the Lessee