Title to the goods does not pass, since the lessor retains it in the form of a __________ interest in the goods.

Name: Title to the goods does not pass, since the lessor retains it in the form of a __________ interest in the goods.
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Question

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Residual interest refers to the interest or value that the lessor retains in the leased goods. In a lease agreement, the lessor does not transfer the title of the goods to the lessee but retains ownership, which is represented by this residual interest.

Title to the Goods Does Not Pass, Since the Lessor