A(n) __________ is a special type of lease transaction generally involving three parties instead of two.
A) sale
B) consumer lease
C) finance lease
D) option

Question

Quizplus · Accepted Answer

A finance lease, also known as a capital lease, typically involves three parties: the lessor, the lessee, and the financier, making it a special type of lease transaction compared to the more common two-party lease agreements.

A(n) __________ Is a Special Type of Lease Transaction Generally