In a Finance Lease Contract, the Title to Goods Is

question 5

Multiple Choice

In a finance lease contract, the title to goods is passed from ________.

• A)lessor to lessee
• B)supplier to lessor
• C)supplier to lessee
• D)lessee to lessor

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Definitions:

Express Provision

An express provision is a clause or term in a contract or legal document that is explicitly stated, leaving no room for misunderstanding or interpretation.

Personal Nature

Characteristics or activities that belong to or are intended for a specific individual, often relating to private or intimate aspects of life.

Donee Beneficiary

In contract law, a person who benefits from a contract made between two other parties, where the intention is to gift the benefit or performance.

Promisee

A person to whom a promise is made or directed, particularly in a legal contract.