Which of the Following Statements Is False

Which of the following statements is false?

A) In a direct lease, the lessor is the manufacturer (or a primary dealer) of the asset.
B) The lease specifies any cancellation provisions, the options for renewal and purchase, and the obligations for maintenance and related servicing costs.
C) If a firm already owns an asset it would prefer to lease, it can arrange a sale and leaseback transaction.
D) With many leases, the lessor provides the initial capital necessary to purchase the asset, and then receives and retains the lease payments.