In a lease contract,the party who legally owns the asset is the
A)lessor
B)lessee
C)banker
D)operator

Name: In a lease contract,the party who legally owns the asset is the A)lessor B)lessee C)banker D)operator
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Question

Quizplus · Accepted Answer

The lessor is the party who legally owns the asset and leases it to the lessee. The lessee is the party who pays for the use of the asset under the terms of the lease contract. The banker and operator may be involved in the lease contract, but they do not legally own the asset.

In a Lease Contract,the Party Who Legally Owns the Asset