Which of the following can be cancelled by the lessee at any time upon due notice?
A) a financial lease
B) a turnaround lease
C) an operating lease
D) a sale and leaseback

Question

Quizplus · Accepted Answer

An operating lease can typically be cancelled by the lessee at any time upon due notice, offering flexibility to the lessee. This is unlike financial leases, sale and leaseback arrangements, and turnaround leases, which are generally more binding and long-term in nature.

Which of the Following Can Be Cancelled by the Lessee