Ferris is refinishing his kitchen floor and needs a floor sander to complete the job. Ferris's neighbor Gina suggests that he call Home Repair Rentals, Inc. Home Repair leases Ferris a floor sander. In this transaction, the lessor is
A) Ferris.
B) Gina.
C) Home Repair.
D) none of the parties.

Question

Quizplus · Accepted Answer

Home Repair Rentals, Inc. is the lessor because they are the ones who are leasing the floor sander to Ferris. Ferris is the lessee, or renter, of the equipment. Gina is not involved in the leasing transaction itself, she only suggested that Ferris call Home Repair. Therefore, the answer is C.

Ferris Is Refinishing His Kitchen Floor and Needs a Floor