Which of the following statements is false?
A) A lease is a contract between two parties: the lessee and the lessor.
B) Most leases involve little or no upfront payment.
C) The lessee is the owner of the asset, who is entitled to the lease payments in exchange for lending the asset.
D) At the end of the contract term, the lease specifies who will retain ownership of the asset and on what terms.

Question

Quizplus · Accepted Answer

C) The lessor is the owner of the asset, who is entitled to the lease payments in exchange for lending the asset.

Which of the Following Statements Is False