A Closed-End Lease Is a Lease in Which the

A closed-end lease is a lease in which the

A) lessee takes the risk that the resale value of the car at the end of the term will be less than what was originally assumed.
B) lessor takes the risk that the resale value of the car at the end of the term will be less than what was originally assumed.
C) terms of the lease contract are nonnegotiable by the lessee.
D) terms of the lease contract are nonnegotiable by the lessor or lessee.