Brad buys a bulldozer from Construction Equipment Corporation, which he leases to Deep Digs, Inc. In this situation, the lessee is
A) Brad.
B) Construction Equipment Corporation.
C) Deep Digs, Inc.
D) none of the choices.

Question

Quizplus · Accepted Answer

The lessee is the party that leases the equipment from the owner. In this case, Deep Digs, Inc. is leasing the bulldozer from Brad, making them the lessee.

Brad Buys a Bulldozer from Construction Equipment Corporation, Which He