When does title pass in a lease contract?
A) when the goods are identified
B) when the goods are delivered
C) when the risk of loss transfers from the buyer to the seller
D) a title never passes in a lease contract
E) when the parties enter into the lease contract

Question

Quizplus · Accepted Answer

In a lease contract, the title to the goods never passes to the lessee; the lessor retains ownership while the lessee gains the right to use the goods.

When Does Title Pass in a Lease Contract