The lessee is the party to the leasing contract who, under the lease contract, has physical control of the asset, uses the asset and must make the lease payments.

Name: The lessee is the party to the leasing contract who, under the lease contract, has physical control of the asset, uses the asset and must make the lease payments.
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Quizplus · Accepted Answer

The lessee is indeed the party to the leasing contract who has physical control of the asset, uses it and must make the lease payments.

The Lessee Is the Party to the Leasing Contract Who