Residual value guarantees protect lessors against lessees who abuse leased assets.

Name: Residual value guarantees protect lessors against lessees who abuse leased assets.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Residual value guarantees provide assurance to lessors that they will receive a certain amount of value for the leased asset at the end of the lease term, even if the lessee mistreats or damages the asset. This helps protect the lessor from financial losses due to abuse or misuse of the leased asset.

Residual Value Guarantees Protect Lessors Against Lessees Who Abuse Leased