Which of the following would a business law professor most likely identify as an attractive way for a business to acquire the use of equipment for a specified period of time?

Question

Quizplus · Accepted Answer

An operating lease is the most attractive way for a business to acquire the use of equipment for a specified period of time as it provides flexibility and lower costs than other types of leases. In an operating lease, the lessor retains ownership of the equipment and the lessee pays for the use of the equipment for a shorter period of time than the useful life of the equipment, typically with lower payments than other types of leases.

Which of the Following Would a Business Law Professor Most