In Leases,who Is Most Likely to Carry the Insurance and Bear

question 52

Multiple Choice

In leases,who is most likely to carry the insurance and bear the cost of maintenance and repairs?

• A)In operating leases,it would be the lessee.
• B)In a finance lease,this is done by the lessor.
• C)In a three-year automobile lease,it would be the lessor.
• D)These are usually the responsibility of the lessor in purchase leases.
• E)In purchase leases,it would be the lessee.

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Definitions:

Latex Glove Allergy

An allergic reaction to certain proteins found in natural rubber latex, often resulting in skin irritation or more severe reactions.

Latex-Containing Dust

Dust particles that contain latex, posing respiratory or allergic risks, especially in sensitive individuals.

Hemostats

Surgical tools used to control bleeding by clamping blood vessels.

Blood Vessels

Tubular structures carrying blood throughout the body, including arteries, veins, and capillaries.