In a Finance Lease,when Does the Risk of Loss Pass

question 25

Multiple Choice

In a finance lease,when does the risk of loss pass from the supplier to lessee,if the supplier is a merchant?

• A) when the parties sign the lease contract
• B) when the lessee make the first lease payment
• C) when the lessor receives the first lease payment
• D) when the supplier ships the goods
• E) when the lessee receives the goods