In a finance lease, the lessor does not select, manufacture, or supply the goods. Rather, the lessor ________.
A) receives the rights to the goods but does not receive title
B) can acquire title to goods but not their possession
C) acquires title to the goods or the right to their possession and use in connection with the terms of the lease
D) must agree to take all the goods in any shape or form they are presented
E) may refuse goods but must do so within 24 hours

Question

Quizplus · Accepted Answer

In a finance lease, the lessor acquires title to the goods or the right to their possession and use in accordance with the terms of the lease. This allows the lessor to lease the goods to the lessee while retaining ownership or rights as stipulated in the lease agreement.

In a Finance Lease, the Lessor Does Not Select, Manufacture