In the event of lessee bankruptcy, the lessor's legal position with the leased asset is this:
A) the lessor will be first in line as a creditor to recoup the lease's balance.
B) the lessor can take back the leased asset, but with no salvage guarantees.
C) the lessor has no recourse at all.
D) the lessee will ordinarily pay out the remainder of his lease obligations.
Correct Answer:
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