In a lease arrangement,the owner of the asset is:
A) the lesser.
B) the lessee.
C) the lessor.
D) the leaser.
E) None of these.

Name: In a lease arrangement,the owner of the asset is: A) the lesser. B) the lessee. C) the lessor. D) the leaser. E) None of these.
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

In a lease arrangement, the owner of the asset is known as the lessor, while the person who pays to use the asset is the lessee. Choice A, B, D, and E are all not correct.

In a Lease Arrangement,the Owner of the Asset Is